• March 1, 2007 11:08 AM
  • - Financial
  • - Earnings
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Arbor Memorial Services Inc.


    TSX ABO.A and ABO.B

    TORONTO, March 1 /CNW/ - Arbor Memorial Services Inc. announced today its
results for the three months ended January 31, 2007.Three months
                                                          ended January 31
                                                               ($000)
                                                           2007         2006
                                                           ----         ----

    Revenue                                              55,338       50,720
    Earnings before interest expense and income taxes     9,538        7,745
    Net earnings                                          5,411        4,430
    Earnings per share  - basic and diluted ($)            0.51         0.42Net earnings and earnings per share for the three months ended
January 31, 2007 were $5.4 million or $0.51 per share compared to $4.4 million
or $0.42 per share for the same period of 2006. This represented an increase
of $1.0 million or $0.09 per share.

    Arbor Memorial Services Inc. owns 41 cemeteries, 27 crematoria,
3 reception centres located on cemetery premises and 93 funeral homes in eight
provinces of Canada.

    %SEDAR: 00007478E



For further information: Richard D. Innes, President and Chief Executive
Officer; Brian D. Snowdon, Vice-President and Chief Financial Officer, Phone:
(416) 763-4531