FLAGSHIP INDUSTRIES INC.
TSX VENTURE : FII

September 30, 2005 15:29 ET

Flagship Industries Inc.: 3rd Quarter Results

MARKHAM, ONTARIO--(CCNMatthews - Sept. 30, 2005) - Flagship Industries Inc.(TSX VENTURE:FII) of Markham, Ontario reports net income of $219,707 for the nine months ended August 31, 2005 compared to net income of $105,030 for the same period last year. Income per share for the nine months ended August 31, 2005 was 3.6 cents per share versus income per share of 1.7 cents for the same period in 2004. Book value was 14.7 cents per share at August 31, 2005.



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Nine months ended August 31 2005 2004
$ $
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Revenue 252,060 131,366
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Net income 219,707 105,030
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Net income per share 0.036 0.017
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Book value per share 14.7 10.9
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Average number of shares outstanding 6,113,275 6,113,275
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Flagship is a holding company based in Markham, Ontario, having various investments in Canada. The Company currently has issued and outstanding 6,113,275 common shares. The directors of the Company are Joseph A. Devine, CEO, Cynthia J. Devine, G. Michael Devine and Sarah Langdon.

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

Contact Information

  • Flagship Industries Inc.
    Suzanne Blythe
    (905) 477-7689