Park Lawn Corporation Finished Fiscal Year With Strong Year-Over-Year Growth
New Acquisitions and Expansions in Canada and the US Central to Growth Strategy
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 03/30/16 -- Park Lawn Corporation (TSX VENTURE: PLC) ("Park Lawn Corp.") today announced results for the fourth quarter and year-ended December 31, 2015. The results show significant improvements in operating results with a year-over-year revenue increase of 18.9%. Earnings from continuing operations, before expenses related to business acquisitions and other incomes, increased by 48.1%.
Fully diluted earnings per share increased for fiscal 2015 to $0.512 from $0.352 in 2014.
"Park Lawn Corp. undertook several large expansions of existing assets and operational changes which contributed to the company's strong showing in 2015," stated Andrew Clark, Chairman & CEO of Park Lawn Corp. "We believe that the company is well positioned to continue this growth in 2016."
Factors that contributed to this year-over-year improvement included:
In 2015 Park Lawn Corp. took additional steps to further significantly expand the company's asset base, including:
"Since 2013, Park Lawn Corp. has become the largest, publicly-traded Canadian company in this industry," added Clark. "With the acquisition of MMG, we have significantly increased the number of cemeteries in the company's portfolio, and geographically diversified the company's assets outside of Canada for the first time."
About Park Lawn Corporation
Park Lawn Corp. provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold on a pre-planned basis (pre-need) or at the time of a death (at-need). The Company and its subsidiaries own and operate 34 cemeteries in Ontario and Michigan and 17 funeral homes in Quebec, Ontario, Manitoba and Saskatchewan. The Company's Harmonia business currently operates under license in the province of Quebec.
Cautionary Statement Regarding Forward-Looking Information
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate", "pro-forma" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts and projections and include, without limitation, statements regarding the continued growth of the Company in 2016 and the significant expansion of its asset base. The forward-looking statements in this news release are based on certain assumptions, including without limitation that the Company's business will continue to perform in a manner consistent with past practice. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading "Risk Factors" in the Company's annual information form available at . There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Park Lawn Corporation
Andrew Clark
Chief Executive Officer
416-231-1462
Park Lawn Corporation
Joseph Leeder
Chief Financial Officer
416-231-1462
Park Lawn Corporation
Suzanne Cowan
VP, Business Development & Corporate Affairs
416-231-1462
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.03.2016 - 11:30 Uhr
Sprache: Deutsch
News-ID 460581
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial Real Estate
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Park Lawn Corporation Finished Fiscal Year With Strong Year-Over-Year Growth"
steht unter der journalistisch-redaktionellen Verantwortung von
Park Lawn Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
