Clark Holdings Inc reports Q4 and FY 2008 financial results

Mon. February 23, 2009; Posted: 10:13 AM

Feb 23, 2009 (M2 EQUITYBITES via COMTEX) -- GLA | Quote | Chart | News | PowerRating -- Clark Holdings Inc (NYSE Alternext US LLC: GLA | Quote | Chart | News | PowerRating) (NYSE Alternext US LLC: GLA.U) (NYSE Alternext US LLC: GLA.WS), a provider of mission-critical supply chain solutions, reported on 20 February its preliminary unaudited financial results for the fourth quarter and year ended 3 January 2009.

On 12 February 2008, Clark Holdings Inc, the former Global Logistics Acquisition Corporation, acquired the Clark Group Inc. The results of operations for the quarter and annual periods ended 3 January 2009 and 31 December 2007 are non-GAAP pro-forma financial statements. It is presented as if the acquisition of the Clark Group Inc by Clark Holdings Inc took place on 1 January 2007 for comparative purposes.

Gross revenues during the fourth quarter increased 12.2% to USD21.3m, compared to gross revenues of USD19m in the same period last year. Domestic gross revenue increased 11.0% while international gross revenue increased 18.7%. Consolidated gross profit increased 5.8% to USD7.4m, compared to USD7m in the same period last year. This was driven by a 5.5% increase in domestic gross profit and a 7.0% increase in international.

Pro-forma adjusted EPS was USD0.03 in the fourth quarter of 2008 compared to pro-forma adjusted EPS of USD0.03 in the fourth quarter of 2007.

Gross revenues increased 11% in 2008 to USD84.2m, compared to gross revenues of USD75.8m in 2007. This was driven by a 10.2% increase in domestic revenues and a 15.0% increase in international revenues. Consolidated gross profit in 2008 increased 2.4% to USD29.5m driven by a 3.4% increase in domestic gross profit.

Pro-forma adjusted EPS for 2008 was USD0.26 compared to pro-forma adjusted EPS of USD0.22 in 2007.

Comments on this story may be sent to admin@m2.com

For full details for GLA click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

Tax Relief Bank Levy Wage Garnishment

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.