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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mcvicar Industries Inc. | TSXV:MCV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Trading Symbol: MCV
TORONTO, Nov. 30, 2012 /CNW/ - McVicar Industries Inc. ("McVicar" or the "Company") announces its financial results and management's discussion and analysis (MD&A) for the third quarter ended September 30, 2012. The detailed financial statements and MD&A can be found on www.sedar.com. All amounts are in Canadian dollars unless otherwise noted.
Third Quarter and First Nine Months of 2012 Financial Highlights
During the third quarter of 2012 the Company, both the chemical group and the technical group of the Company performed well. In our chemical group, Luyaun had a gain from operations and achieved profits in this quarter, and in our technical group there was an increase in gross profit through the reduction of overtime and productivity improvements. The net income is still affected by the write-down of Goodwill.
This press release contains forward-looking statements which reflect the Corporation's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE McVicar Industries Inc.
Copyright 2012 Canada NewsWire
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