A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter were $1.3 million, up from $534,000 last year.
President Pierre Arbour cites seasonal factors as the reason for the drop in profits.
Laduboro has added industrial services to its operations. It now has three divisions: natural resources, restaurant equipment and warehousing systems.
At the company’s 1986 annual meeting, shareholders approved a share consolidation on the basis of five shares for one new Series “A” share, as well as the name change to Laduboro Ltd.
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