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Devonshire Industries Releases Interim Six Month Report

Hamilton, Bermuda: 3rd December 2004 - The Bermuda Stock Exchange (BSX) has received the following report from Devonshire Industries General Manager, Richard Moulder regarding the 30th September 2004 six month results:

Financial Highlights

           

 

 

2004

2003

  % Change

 

 

 

 

 

Net Sales

 

$1,531,002

$1,452,692

5.39%

Operating Expense

 

$664,552

$639,882

3.86%

Net Revenue from

 

 

 

 

Operations prior to

 

 

 

 

Discontinued Ops.

 

$211,891

$172,117

23.11%

Other Income

 

$35,637

$72,469

-50.82%

Net Income

 

$247,528

$244,586

1.20%

Earnings Per Share

 

$1.13

$1.12

1.20%

Dividends Paid

 

$219,000

$219,000

Nil

Dividends Per Share

 

$0.50

$0.50

Nil

Total Assets

 

$3,138,081

$3,104,660

1.08%

Net Assets

 

$3,041,935

$3,012,065

0.99%

Book Value Per Share

 

$13.89

$13.75

0.99%

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