Husky reports steep profit drop

Article Abstract:

Husky Injection Molding Systems Ltd of Bolton, Ontario, has announced profits of $15.2 million or 14 cents a share on sales of $708.2 million in for the FY99 ended Juluy 31, down from $45.6 million or 45 cents a year on $762 million. The company reported that sales declined by 16% and 48% in Europe and Asia-Pacific, respectively, offsetting the 7% sales growth in the Americas. Husky is expecting further declines in profits due to lower sales volumes, less favorable product mix and growing startup costs.

Plastics Products Equipment, Plastics and Rubber Industry Machinery Manufacturing, Machinery industry, Plastics industry, Plastics machinery, Husky Injection Molding Systems Ltd.

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EdperBrascan earnings climb 20% in 2nd quarter

Article Abstract:

Conglomerate EdperBrascan Corp of Toronto, Ontario, has posted a profit of C$130 million or 62 cents a share in the 1st half 1999. The company had a profit of C$322 million or $1.71 a share in the year-ago period mainly due to to the C$200-million sale of Norcen Energy Resources. EdperBrascan reported a 20% growth in net profit to C$72 million in the 2nd qtr FY99a s a a result of robust US economy and improving profit margins.

Diversified Companies, EdperBrascan Corp.

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Canadian bonds bust out in March

Article Abstract:

Canadian bonds are bought in March by foreign investors for a record total of $6.2 billion.

Government Bonds, Finance, Bonds, Bonds (Securities)

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