Arbor Memorial Services Inc. Announces Its First Quarter Results



    TSX ABO.A and ABO.B

    TORONTO, Feb. 28 /CNW/ - Arbor Memorial Services Inc. announced today its
results for the three months ended January 31, 2008.

    
                                                              Three months
                                                            ended January 31
                                                                 ($000)
                                                             2008       2007
                                                             ----       ----

    Revenue (1)                                            56,869     54,842
    Earnings before interest expense and income taxes (1)   8,987      9,469
    Net earnings                                            5,428      5,411
    Earnings per share - basic and diluted ($)               0.51       0.51

    (1)  Reclassified to conform with current year's presentation for
         discontinued operations.
    

    Net earnings and earnings per share were $5.4 million and $0.51 per share
in the first quarter of 2008 and the first quarter of 2007. While net earnings
were consistent with 2007, net earnings in 2007 increased by $1.0 million or
22.1% over the first quarter of 2006.

    Arbor Memorial Services Inc. owns 41 cemeteries, 27 crematoria, 4
reception centres located on cemetery premises and 90 funeral homes in eight
provinces of Canada.

    %SEDAR: 00007478E




For further information:

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

Organization Profile

Arbor Memorial Services Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890