CFS International Inc.

August 30, 2005 06:00 ET

CFS International Inc.: 2005 Second Quarter Financial Results

TORONTO, ONTARIO--(CCNMatthews - Aug. 30, 2005) - CFS International Inc. (TSX VENTURE:CFY) announces that the consolidated net earnings of the Company for the six months ended June 30, 2005 were $2,295,789, or $0.06 per share, as compared to $1,549,052, or $0.04 per share, for the same period in 2004. Sales for the six months increased by 21.6% to $59.0 million in 2005, compared with $48.5 million in 2004.

For the second quarter in 2005, the Company reports net earnings of $1,189,418 or $0.03 per share, compared with net earnings of $948,940 or $0.03 per share, for the same quarter in 2004. Sales for the second quarter of 2005 increased by 17.6% to $32.0 million, compared with $27.2 million for the same quarter in 2004.

CFS International Inc., through its subsidiaries, operates the largest upscale fashion wear retail chain in China under the "Ports International" and "BMW" banners. The Company's other operations also include retailing in Hong Kong and Canada, and trading, manufacturing and wholesaling of private label and fashion garments in the US, Canada, China and Hong Kong.

The Company's shares are traded on the TSX Venture Exchange under the symbol "CFY".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

Contact Information

  • CFS International Inc.
    Alec Lam
    Director of Finance
    (416) 385-2882
    (416) 385-7135 (FAX)