MELFORT, SK, Nov. 30, 2011 /CNW/ - Hodgins Auctioneers Inc. (HA-TSX.V)
("Hodgins" or the "Company") is pleased to report filing of its
financial statements for the third quarter ending September 30, 2011.
Highlights of the third quarter include:
Net year-to-date earnings of $552,712 or 6 cents per share
Year-to-date gross sales of $30,457,309 representing an increase in
gross sales year over year of 46%
Increase in average gross sales per auction from $410,165 to $525,126
Increase in working capital of $726,460 from December 31, 2010.
Barrie Jung, President, stated "Our management prepared statements
represent a significantly enhanced financial position for the Company.
Earnings of $.06 per share we trust will be welcomed and cheered by our
About Hodgins Auctioneers Inc.
Headquartered in Melfort, Saskatchewan for more than fifty years Hodgins
Auctioneers Inc. is a provider of professional auction services.
Hodgins is renowned for its experienced auctioneers, award winning
promotions, dependable results and commitment to providing the ultimate
marketplace for the sale of assets by auction.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Hodgins Auctioneers Inc.
For further information:
Barrie Jung, President & CEO
Hodgins Auctioneers Inc
Phone Toll Free 1 800-667-2075