Mar 2006 Financial News

Furness Trinidad Limited releases end of year financial results

Mar 24, 2006

Furness Trinidad Limited reported a second year of impressive growth with Earnings Per Share increasing 42.42 per cent from 33 cents in 2004 to 47 cents for the year ended 2005. Group Turnover rose 13.32 per cent while Operating Profit increased by a healthy 29.56 per cent. In addition, the Company's Operating Profit Margin moved from 17.70 per cent to 20.23 per cent. Net Profit for the period ultimately grew 42.45 per cent to $5.668 million.

Furness continues to be suspended from trading.

Sreshtha Tewari
Research Team