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Place de cotation: TORONTO (LQW)
Liquidation World Inc. offers
a uniquely diversified menu of solutions for organizations with asset recovery
issues. Services include auctions, reverse logistics and processing, store
closure sales management, turnaround consulting, and retail liquidations
of consumer merchandise through 98 outlets across North America. Liquidation
World solves asset recovery problems, in a professional manner, for the
financial services industry, insurance companies, manufacturers and other
organizations. Liquidation World opened its first retail outlet in 1986
and is now the largest liquidator in Canada, with more than 1,600 employees
in outlets and offices across Canada and the United States.
3880
- 29th Street, N.E. Calgary, Alberta Canada, T1Y 6B6 phone toll free: 1-877-728-3289
(1-877-SAVEBUX) or 1 (403) 250-1222
between
8 a.m. to 5 p.m Mountain Time
Liquidation
World announces third quarter results and improving performance from Q2
August
16, 2005, Calgary, Alberta
Company
continues to implement new merchandise management system and organizational
structures along with other key initiatives.
Liquidation
World Inc. (TSX:LQW) today announced results for the third quarter of fiscal
2005, representing 13 weeks of operations ending July 3, 2005.
The
company recorded a total loss of $1,300,000 ($0.16 per share), compared
to earnings of $221,000 ($0.03 per share) in the same period last year.
On a cumulative basis, the loss for the first three quarters of the 2005
year totals $6.9 million compared to net earnings of $2.8 million in 2004.
Revenue
totaled $46.3 million, a 2.9% increase from $45.0 million during the corresponding
period in 2004. On a cumulative basis, revenue for the first three quarters
of 2005 totaled $137.3 million, a 1.4% decrease from $139.2 million during
the 39 weeks ending July 4, 2004. Further detail is provided in the financial
statements below.
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