Dover Industries Limited
TSX : DVI

Dover Industries Limited

May 07, 2008 14:15 ET

Dover Industries Limited (DVI) Financial Results-Three Month Period Ended March 31, 2008

BURLINGTON, ONTARIO--(Marketwire - May 7, 2008) - Dover Industries Limited (TSX:DVI) announced that income after tax from the continuing operations for the three months ended March 31, 2008 was $1,992,000 ($0.29 per basic and diluted share), compared to $1,563,000 ($0.23 per basic and diluted share) for the same period last year.

Sales for the quarter were $73,695,000, an increase of 53.8% compared to $47,922,000 in 2007, primarily related to the increase in wheat prices and the Saskatchewan milling acquisition reporting a full quarter of sales in 2008.

Net and comprehensive income for the first quarter ended March 31, 2008 was $1,992,000 ($1,523,000 in 2007). After provisions for income taxes, net income per basic and diluted share is $0.29 compared to $0.22 for the first quarter of 2007.

Dover Industries Limited operates flour mills in Ontario, Nova Scotia and Saskatchewan, a paper products division and ice cream cone and plastics plant in Ontario with sales across Canada and the USA.

Historical Dover Industries Limited news releases can be viewed on the Company's website (www.dovergrp.com) and/or on the System for Electronic Document Analysis and Retrieval website (www.sedar.com).

Contact Information

  • Dover Industries Limited
    Brian J. Short
    Senior Vice - President & C.F.O.
    (905) 333-1515
    Website: www.dovergrp.com