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Article: Boyd Group earns biggest quarterly profit ever
- Article from:
- Winnipeg Free Press
- Article date:
- August 14, 2009
- Author:
CopyrightCopyright F.P. Canadian Newspapers Limited Partnership Aug 14, 2009. Provided by ProQuest LLC. (Hide copyright information)
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THE Winnipeg-based collision repair company Boyd Group Income Fund produced its largest quarterly profit ever and record second-quarter revenue.
Although same store sales in its network of 89 collision repair stores in western Canada and the U.S. Midwest were down 5.7 per cent during the quarter, the addition of new stores added earlier this year helped boost revenue 9.3 per cent for the quarter to $55.4 million.
Total profits were up 146 per cent to $2.1 million compared to the same period last year.
Brock Bulbuck, president and chief operating officer, said general industry data indicate Boyd outperformed the market even though it was the first time in 10 consecutive quarters that the ...