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Article: Andrew Peller Limited Announces Results for the Second Quarter of Fiscal 2010; This news release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained elsewhere in this news release.
- Article from:
- Marketwire Canada
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GRIMSBY, ONTARIO, Nov 4, 2009 (Marketwire via COMTEX) -- Andrew Peller Limited (TSX:ADW.A)(TSX:ADW.B) (the "Company") announced today its results for the three and six months ended September 30, 2009.
HIGHLIGHTS:
- Six month sales up 7.2% on solid organic growth and contribution from recent acquisitions
- Cost reduction and control initiatives result in lower operating and administrative expenses
- Cash flow from operating activities increase to $8.4 million for the period
- Intention to sell beer business to significantly reduce leverage and interest expense
Sales for the second quarter of fiscal 2010 increased ...