February 19, 2008
CANTERRA SEEDS HOLDINGS LTD.
Announces Record Financial Year
Winnipeg - CANTERRA SEEDS HOLDINGS LTD released their 2007 financials today showing record profitability and another year of strong growth.
“2007 was a standout year for CANTERRA SEEDS” explained Chief Financial Officer, Gerry Cantin. “We experienced record sales and profitability putting us in a very strong financial position. In addition, we made strides in asset management while continuing to find ways to operate with more efficiency and effectiveness.”
Highlights included:
• 11% increase in sales from 2006 to $14.5 million.
• 20% increase in gross profit to $4.0 million.
• 76% increase in net earnings to $531,000.
• Share earnings increased to $0.14 per share from $0.09 in 2006.
• Cash flow increased by $2.6 million from 2006.
• Net worth increased by over $0.25 million.
Owned by more than 175 western Canadian shareholders, CANTERRA SEEDS is committed to the development of genetically superior varieties. From high-yielding canola hybrids to a versatile portfolio of cereals, pulses and other varieties, customers can be assured of optimal performance.
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For more information please contact:
Mr. Ron Gorst Mr. Gerry Cantin
CEO CFO
CANTERRA CANTERRA SEEDS
204-988-9750 204-988-9750
r.gorst@canterra.com g.cantin@canterra.com
For the full Annual Report visit www.SEDAR.com
CANTERRA SEEDS HOLDINGS LTD.
Announces Record Financial Year
Winnipeg - CANTERRA SEEDS HOLDINGS LTD released their 2007 financials today showing record profitability and another year of strong growth.
“2007 was a standout year for CANTERRA SEEDS” explained Chief Financial Officer, Gerry Cantin. “We experienced record sales and profitability putting us in a very strong financial position. In addition, we made strides in asset management while continuing to find ways to operate with more efficiency and effectiveness.”
Highlights included:
• 11% increase in sales from 2006 to $14.5 million.
• 20% increase in gross profit to $4.0 million.
• 76% increase in net earnings to $531,000.
• Share earnings increased to $0.14 per share from $0.09 in 2006.
• Cash flow increased by $2.6 million from 2006.
• Net worth increased by over $0.25 million.
Owned by more than 175 western Canadian shareholders, CANTERRA SEEDS is committed to the development of genetically superior varieties. From high-yielding canola hybrids to a versatile portfolio of cereals, pulses and other varieties, customers can be assured of optimal performance.
-30-
For more information please contact:
Mr. Ron Gorst Mr. Gerry Cantin
CEO CFO
CANTERRA CANTERRA SEEDS
204-988-9750 204-988-9750
r.gorst@canterra.com g.cantin@canterra.com
For the full Annual Report visit www.SEDAR.com