Coreco Inc.: Second Quarter Sets Stage for Outstanding Year, Revenues Increase 15 %, EPS Grow 40 %.

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Coreco Inc.: Second Quarter Sets Stage for Outstanding Year, Revenues Increase 15 %, EPS Grow 40 %.

Business Editors

MONTREAL--(BUSINESS WIRE)--Aug. 8, 2000

Coreco Inc. (TSE:CRC.) today announced its results for the second quarter ended June 30, 2000, with both top and bottom lines reflecting healthy organic growth.

This quarter is the last before the Company begins to report the contribution of Imaging Technology, Incorporated.

In comparison with the second quarter in the previous year, revenues increased 15 % to $5,149,837 and net earnings rose 48 % to $1,052,026. On a per-share basis, earnings increased 40 % to $0.14 per shar...

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