Apr 24, 2008
Garda World shares surge as quarterly net up 40 per cent to $7.2M
“Overall gross margin was 25 per cent, compared with 22.1 per cent last quarter and 17.8 per cent last year, and the strongest ever for the company”
- Garda World Security Corp. (TSX:GW) confounded critics of last year's acquisition of a U.S. cash logistics business by reporting a 40 per cent increase to quarterly profits that prompted its share price to surge Wednesday.
"We've once again done the job," company founder and CEO Stephan Cretier said in an interview Wednesday. "Today people are seeing the results and maybe starting to imagine what it can maybe become in the next two years."
The results prompted Garda's shares to surge by nearly 16 per cent. The stock closed up $2.06 at $14.99 on the Toronto Stock Exchange. Read more
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| Pratt To Cut Workforce In State | 5 min | Bob | 36 |
| World Am's Isotec Subsidiary and Checkpoint Sys... | 4 hr | Eleutherodac... | 1 |
| Video seeks to lure California prison inmates t... (from Mar '07) | 5 hr | SparkyJT | 155 |
| Pratt & Whitney To Cut Jobs | 9 hr | Bev | 31 |
| UTC Has Strong Quarter, Sees Challenges For Pratt | Jul 21 | Jack | 8 |
| Nancy -- we should run a locater map with this ... | Jul 21 | Kenya | 1 |
| United Technologies still eyeing Diebold | Jul 19 | Dave D | 1 |
Most Popular
