Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.
Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.
Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.
Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.
It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.
It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.
Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.
Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.
Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.
It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.
It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com reports Clarke Inc. (TSX:CKI) booked a profit in the fourth quarter of 2010, turning around a loss from the same quarter a year earlier.
Clarke said its net income rose to $10 million in the three month period, or 37 cents per share, compared to a loss of $1.8 million, or five cents per share in the same period of 2009.
Revenue slipped to $58.2 million, compared to $61.9 million the year prior, because of reduced freight collections and lower distributions from investments.
Halifax-based Clarke, a company that specializes in buying up ailing businesses, turning them around and reselling them, said it repaid debt throughout the last two years and repurchased its own securities in the fourth quarter, returning $3.1 million to shareholders.
It said restructuring of its Madacy CD and DVD business produced income, and income from continuing operations was due to favourable accounting results of defined benefit pension plans.
It said the value of its portfolio of publicly traded securities recovered in the quarter, leading to comprehensive income.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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