Bestar revenues slide 14.2% in 1Q

Knell, Michael J.
May 2006
Furniture/Today;5/22/2006, Vol. 30 Issue 36, p42
Trade Publication
The article focuses on the financial performance of furniture manufacturer Bestar for the first quarter of 2005 in Canada. Gross revenue of the company declined by 14.2 percent from the same period a year ago. The company posted net earnings of 3,000 Canadian dollars compared with a net loss of 52,000 Canadian dollars a year earlier. The earnings were increased by a reversal of 440,000 Canadian dollars in restructuring costs after the settlement of a grievance with the union representing Bestar production employees.


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