WINNIPEG, Feb. 9 /CNW/ -
Buhler's 1st Quarter Net Income Increases
Net earnings increased to $4.4 million ($0.18 per share on 25 million
shares) compared with $1.2 million ($0.05 per share on 25 million shares) last
1st quarter ending December 31st, 2008
Revenue $57,097,000 $32,400,000
Net profit $4,429,000 $1,203,000
Net profit/share $0.18 $0.05
(25 million shares) (25 million shares)
1st Quarter-end Revenue Up
Revenue is up 76% to $57.1 million compared with $32.4 million last year.
The increasing demand for high horsepower tractors in overseas markets and
North America had a positive impact on revenue.
1st Quarter-end Earnings Up
New earnings for the 1st quarter ending December 31st, 2008 were $4.4
million compared with $1.2 million last year. Gross profit was $11,648,000
(20.4% of sales) for 2008 compared to $6,360,000 (19.6% of sales) last year.
The number of shares outstanding remains at 25 million.
Complete financial statement:
Trading symbol: BUI
For further information:
For further information: Dmitry Lyubimov, Phone: (204) 477-2571, E-mail: