This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Devonshire Industries Announces Financial Year Results
Hamilton, Bermuda: 20 September 2006 - The Bermuda Stock Exchange (BSX) today received the following report from Devonshire Industries General Manager, Richard A. Moulder regarding the 31st March 2006 year end results:
Financial Highlights
|
|
2006 |
2005 |
% Change |
|
|
|
|
|
|
Net Sales |
$3,532,422 |
$2,991,928 |
18.07% |
|
Operating Expense |
$1,087,130 |
$1,015,136 |
7.09% |
|
Net Revenue from |
|
|
|
|
Operations prior to |
|
|
|
|
Discounted Ops |
$340,134 |
$288,657 |
17.83% |
|
Other Income |
$55,605 |
$62,240 |
-10.66% |
|
Net Income |
$395,739 |
$350,897 |
12.78% |
|
Earnings Per Share |
$0.90 |
$0.80 |
12.50% |
|
Dividends Paid |
$438,000 |
$438,000 |
0.00% |
|
Dividends Per Share |
$1.00 |
$1.00 |
Nil |
|
Total Assets |
$3,068,808 |
$3,070,170 |
-0.04% |
|
Net Assets |
$2,884,043 |
$2,926,304 |
-1.44% |
|
Book Value Per Share |
$6.58 |
$6.68 |
-1.44% |
Results for the period ending 31st March 2006 show that net income has increased by 18.07% over the previous year. The report shows Revenue for the year was $340,134 as compared with $288,657 for the same period last year. Net Income for the period was $395,739, up from $350,897 in 2005. Earnings per share were $0.90, as compared with $0.80 last year and dividends per share declared and paid for the period remained at $1.00.