VIEW CART
E-Mail
RSSRocky Mountain Dealership's Full-Year 2009 Revenues Rise by 38%
CALGARY, March 9 /CNW/ — Rocky Mountain Dealerships Inc. ("Rocky Mountain" or the "Company"), a leading Canadian network of full service agricultural and construction equipment dealerships, today reported financial results for the three month and full year periods ended December 31, 2009.
In 2009, net sales were $147.7 million and $555.8 million for the three and twelve months ended, compared to $146.9 million and $404.1 million for the same periods of 2008. This growth in annual revenue was due to improved sales from all three of the Company's primary revenue sources. New equipment sales were $92.9 million and $300.9 million for the three and twelve month periods for 2009 compared to $90.5 million and $240.4 million in the prior periods. Used equipment sales were $32.5 million and $156.6 for the three and twelve month periods of 2009, relatively similar compared to $32.8 million and $79.9 million for the same periods of 2008. Revenue generated from product support was $21.2 million and $93.7 million in the three and twelve month periods of fiscal 2009 compared to $22.0 million and $75.7 million for the same period of 2008.
Gross profit for the three and twelve month periods of 2009 were $24.5 million and $84.7 million compared to $24.6 million and $71.6 million for the same periods of the prior year. The Company's gross profit margin was 16.6% and 15.2% for three and twelve month periods of 2009 versus 16.8% and 17.7% for the same periods of the prior year.
