Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 11, 1985, Winnipeg, Manitoba May metals latest business Federal soars after diversifying by Greg Bannister aiding the profits it several refit Fede Fai Indus tries of Winnipeg bounced Back of off aft off year in ims to the cold a net profit of million on reve Nues of million last with a jump of 90 per cent in earnings per share to Feder Al also came close to Matching its Al time High earnings per share of recorded in according to figures released John president of fed told shareholders at the com pants annual meeting that both Canadian motorways and fuss Esteel played key roles in the holding company resurgence in federals 1983 year end results showed a profit of million on Revenue of in 1982 the company had profits of million on sales of Mil both recent acquisitions were made by Federal As part of a diversification program the company launched in 1982 to reduce its vulnerability to swings in the re source based Canadian a general freight was purchased for million and russet a steel distribution for about Fraser told shareholders the decision to diversify Federal is responsible More than any other single our substantial growth in both revenues and earn Ings in Canadian which achieved a return on investment of 20 per had sales of million and a profit of million in which achieved a return on investment of 25 per merged with federals other companies in the Industrial distribution group to produce Revenue of million and profits of million last Fraser told reporters yesterday that Federal is considering More acquisitions Fie said All three divisions of the company Industrial and Are actively working on Fraser also said the company is actively working on a major acquisition which could Lead to the Crea Tion of a fourth group in the Compa he refused to be specific beyond indicating a number of business sectors Federal considers to be including food Auto parts distribution and those sectors of the Economy Are not subject to the Normal business Cycle which affects much of Feder als he Fraser said Federal is interested in an acquisition in any of those sectors because it would further re Duce the company vulnerability to downturns in natural resource based Fraser said talks Are taking place now with several companies concerning a acquisition but he expressed doubt anything could be concluded in the next six he predicted 1985 would prove a Good year for the company but would not match the Large gains in earnings and profits recorded in figures released yesterday show the company is off to a Good Start in the first Quarter of 1985 ending March Federal had net earn Ings of million on revenues of that compares with earnings of million on Revenue of Mil lion in the first Quarter of the company Fraser told shareholders that All divisions of Federal recorded in creases in both sales and profits in the first Quarter which is tradition ally the company takeover called sellout by critics Winnipeg s professionals Volvo lease for 1mm Volvo due 4 Power Matthon motors 7863458 ave at emm is food beverage required for Large local equity investment re Contact Garry Marshall the Zarek business Centre suite 10893 Lombard Avenue r3b 3b1 phone 9435900 debt crisis seen easing Washington Reuter the world debt crisis is on the mend but there is Little margin for the head of the International monetary fund said Jacques de in a major address to a banking said commercial Banks must continue to maintain prudent financial flows to debtor countries during the economic adjustment pro he said debtor countries had taken herculean measures to Reform their badly unbalanced econ adding this adjustment was costly in social and political Babati Leger Ottawa up opposition ties assailed the planned takeover by a giant British telecommunications company of Mitel corporation yes saying the Deal amounts to a sellout of Canadian technology and tax the announcement thursday night that British telecommunications pc was purchasing is per cent of Stock Iii the based Mitel for million prompted complaints from both the Liber als and new democrats that Canad an interests Are being Liberal House Leader Herb a staunch economic said in an interview that million had been Given Mitel by the Federal government in the form of Grants or tax Breaks and the Benefit from that investment now goes to foreign shareholders of British Gray was upset that Mitel was the second Canadian company in a week to fall prey to British which itself was Only recently sold to private shareholders by the British British Tele com had committed million to Purchase ctr of an other leading manufacturer of Tele phone were very concerned that with the encouragement of the new conservative government that there will be a massive Selloff of our Canadian High tech without even proper guarantees of jobs and maintenance of technology and product Ion in Gray and the complaints mounted into a full bore Row in the lobby outside the commons As British Columbia new Democrat Nelson Riis locked horns with Paul conservative my for which eludes Dick accused Riis of grandstand ing in a question he asked in the commons of Small business minis Ter Andre Riis wanted guarantees that the technology Mitel has developed wont be handed Over to foreign Dick insisted that americans Al ready own 70 per cent of Mitel and that the Sale to British telecoms would change nothing in terms of Canadian the Exchange accelerated into a shouting match As bemused reporters looked at a press conference Mitel chairman Michael Cowpland contradicted Dick by saying that canadians hold 52 per cent of Mitel Stock and that the injection of new equity could help Mitel reach a positive Cash flow in the current Quarter after losses in six of the last eight Deryk Bander Deputy chairman for British told reporters his company has no imme Diate plans for changes in motels management and that the present work Force of in Canada will be creative designers four Colour were printers Aid were dynamic and ener with refreshing ideas on printing and whether you require the design of a simple business or multicoloured annual we have the Talent and state theart equip ment to produce your print communications efficiently and let us funnel your graphic arts requirements into one Complete get to know us and our services bet Ter by taking advantage of the Coupon printers Aid a single source of graphic arts and printing right Here in to new customers Pru Tinl Coupon fian placing off printers Aid group 41 May Street Manitoba 201 9ia73 or one of our account Cie cull to portrait of a certified general accountants association of Manitoba Richard Vic president finance com chef services limited Manitoba to Rick challenges Are a daily As Vic president finance for Canadas National payroll specialists he has direct responsibility for the handling of 1vz billion dollars in add to that the fact that com chef has grown dramatically Over the last decade and you can appreciate Why Rick says there is never time to be bored or lose interest in your our programs Are always changing and we have a Good management he recognizes the advantages of his professional training and recommends the program for people like himself whose goal is in financial Rick Ball is a certified general number four Donald Street Telephone 4771256 announcement Jim de Friesen Robert Leslie Leslie real Ett att 4 development is pleased to announce thai both Jim Bulloch and de Friesen have joined our company As real estate they bring to the company a wealth of experience and knowledge and Are anxious to be of service to our and both Jim and de Welcome their Many clients and friends to Contact them for any inquiries or they will be activity mkt Tang Winnipeg exclusive condominium project South of the Border located at 327s v Leslie real estate i development 1824 Pembina Highway Manitoba r3t 2g2 204 2695060 major unreal vhf d Publ 1c auction Uma engineering bit Vanger Seargeant Middleton Recksiedler director of Engin Manitoba Nurt Western is pleased to announce the repent additions to Pur Winnipeg Barry senior Bridge in this he is responsible for coordinating the activities of the Bridge Section of our transportation As Well As being project manager for selected Biswanger is a graduate of the University of As Well As having had several postgraduate courses in structural he has had extensive experience in structural design Over a period of 15 years with engineering consulting Doug municipal project before coming to Seargeant had been involved in municipal and Jevel Cement projects in Alberta and the Northwest both with our Edmonton Branch ind Ether consulting engineering currently he is involved in design of a number of municipal servicing and land development he is a graduate of and a Robert chief electrical in this he is responsible for the preparation of electrical design work within the Winnipeg a graduate of the University of had been with another consulting firm in having had responsibility for the electrical design and administration of a variety of Indus trial he is a member of the ukr Nncy contract construction management Recksiedler has recently joined our formerly haying extensive experience with two major construction he is a graduate from the red River Community building and a member of mans Ett Uma engineering a member of the Uma offers a Complete Range of engineering and planning consulting services nationally and internationally from offices located in major centres across the Uma group is an International group of companies owned and operated entirely by employees of its member Uma engineering in Ahnert and 1479 Manitoba r3t1l7 Gold mining seminar Davidson partners in business since 1944 presents an informal look at the mining potential and current activity surrounding the flin flon guest speakers include Mike presi Dent Grange exploration Doug Mcrae representing Pecos resources flin flon area major joint venture partners in area include out Kumpu Sherritt Gordon Aberford Billiton Manitoba Mineral and Saskatchewan mining Gold mining seminar will be held May at legion Hall on 73 Hap not Street in flin to Register for the seminar or for More information on these or other related please use the Coupon or phone please note Date change water Well trucks construction equipment May Leduc Edmonton Alberta 6109 46th Leduc on behalf of Standard general construction limited Gen Star construction materials who Are realigning their equipment requirements in the Edmonton also a Complete dispersal of Jay Dee willing services of partial listing to Schramm t66hi472 Rota Drill Rig w Hawk casing on 80 8000 Carrier truck 74 failing 1250 Drill on 76 18so Carrier truck Cyclone th300 Drill on 66 Kenworth 923 Carrier 22w i Cable Prill Rig on 70 Fargo 800 Carrier water tank deck truck Cascade 50c b250 water 200 fuel tanks tool 80 s1900 water Lank deck truck Hab 550 water Lank tool boxes 80 Ford 350 service truck 79 Ford 600 4 x 4 bed truck 78 350 service truck 77 Sierra 26 pickup truck 6500 Waler truck 72 Mack rl600 water tank truck 78 7500 cab Chassis 73 Ford lt860 cab Chassis 80 Ford lt9000 tractor 75 Ford lt900 Flat deck Crane various Core 100 ton casing Hole casing round Square Well Drill collars drilling accessories 1w1 Chapman 1881 Heli Drill Remote drilling Rig 6v92t Detroit Leroi 610 250 air bean duplex 9 water injection 3 leveling track Centre Sample recovery torque to 90 rotary Drill top head torque up to 16 Hole Speed to 80 casing Hammer Standard equip Lincoln 400a Angle used Lor Mineral seismic Placer Industrial construction Dewa Taring Monitor Well overburden or Bedrock conventional or reverse Applina each component is designed Lor up to a lilt 4can be moved in 10 lifts by Bell 205 or 212 Helicon this excellent unit will be sold top bid subject o owners 4 9hocs 79 Voclain 160cl f 78 55 72 40h f Crawler canes 57 Lyell ls88 t Manitowoc 3500 loaders 4 72 to 9771 f 71 d6c 2 76 1 74 613 72 telex ts14 motor graders 74 12g wheel loader 76 telex 7231aa loader Obhof m f 70 farm tractor r t Cone Crusher 75 Eljay rrc54 fire head to scheening Plant 76 Kolman 24 2 72 1j 74 Soma k300 t 74 Stropo rp49p seller 64 gallon 81 Rotor or roster 309 roller trailer t tru0k wow ht6264 t Trmal ers 76 Dodo 24 45 High boy t 9 ton triable Lar of Quantity of water 1ell supplies t Seq Mph it f Large Quantity of office furniture equipment f construction Camps 1 Coral 20 Man 1 20 wan Camp 1 we site trailer f anyone wishing to consign equipment to this please David Hall of Herman 4qj of ;