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Devonshire Industries Announces Financial Year Results

27 27 2004

Hamilton, Bermuda: 27 July 2004 - The Bermuda Stock Exchange (BSX) today received the following report from Devonshire Industries General Manager, Richard Moulder regarding the 31st March 2004 year end results:

Financial Highlights

Results for the period ending 31st March 2004 show that net income has increased by 15.66% over the previous year. The report shows Revenue for the year was $352,606 as compared with $244,193 for the same period last year. Net Income for the period was $464,928, up from $328,743 in 2003. Earnings per share were $1.06, as compared with $0.75 last year and dividends per share declared and paid for the period remained at $1.00.