The Toronto Star from Toronto, Ontario, Canada • 49

rr BEST AVAILABLE COPY THE TOKOWro STAR, THURSDAY, FEBEUAHV 2, 190 CErl a COMPANY NEWS REPORTS to- Jncos profit soars as nickel deliveries hit 14-year high deals with people space and other expense reductions. A provision for all severance costs Is reflected in the quarters results," It says. Werner Dahnz Inco says last years nickel deliveries of 495 million pounds were the highest since 1971 Its primary metals business Improved because of significant increases in primary nickel and refined copper prices. But these increases were offset by higher unit costs and expenses, mainly due to the increased value of the Canadian dollar, and substantial" bonus payments to hourly and staff employees, Inco reports; PanCanadian Pete PanCanadlan Petroleum says its 1988 profit declined to 8124.5 million, or 81 a share, from 8181.1 million, or 81.45 a share, the previous year. Revenue slowed to $690.4 million The Ca' controlled from 8698.7 ry-based company, Canadian Pacific Calgary-t ed by Ju' ped to $11.4 million from $11.9 UHL r'V The company says fluids gen eft' ated from operations $42 million last year, with funds generated in 1987 of 'almost $3 million.

-w Lincoln Capital Corp. of Profit for the six months Nov. 30 was $241350, or 5 centsX share, on revenue of $591551 For-; the second quarter, profit $131721 or 3 cents a share; 'oh', revenue of $351041 Comparative figures arent KWi-plica ble as Lincoln was a private company in the year-earlier pergf, od. The company provides mer-: chant banking services. -Riley! Datashare International-'" LtdTof Calgary: Profit for the alii, months ended Nov.

30 was 201 or 10 cents a share, up $21401 or 2 cents a share, In Sales rose million from V3S CMMOMNOowjoMaaTHBuurem lnco Ltd. is keeping 1988 In its p6ol as a year of remarkable performance. A money-losing company until four years ago; the worlds largest nlckd producer says it achieved record earnings during the year, when nickel deliveries hit a ltyear high. -It was also the year when the Toronto-based company approved i 81-06 blUiop dividend payout a part of a poison pill" takeover defence, the first of its kind in Canada. Profit for the year ended Dec.

SI soared to 8735.4 million, or 86.92 a. share, from 8125.2 million, or 81-09 a share, in 1987. The latest year indudes a tax credit of 844.6 million. Sales expanded to 83.26 billion from 81.79 trillion. the fourth quarter, profit rose sharply to 8219 million, or 8108 a share, from 875 million, or 70 cents a share, a year Sales surged to 8971.6 million from 8571.4 million.

8729.1 million from 82208 million in 1987. CAE Industries CAE Industries Ltd. has strengthened-Its profit to 829.8 million, or 39 cents a share, in the nine months ended Dec. 31, from 819.2 million, or 25 cents a share, -in the 1987 period Revenue for the Toronto-based company more than doubled to 8519.9 million from 8252.6 "nnMi David H. Race, -president and chief executive officer, says all divisions in the companys aerospace and the industrial products manufacturing operations are performing wen in good markets." The latest period includes a gain on translation of short-term UR.

dollar-denominated bank debt of 83-3 million. A year earlier, an extraordinary gain of 8825,000 increased earnings to 820.1 million, or 26 cents a share. Pemberton Houston Pemberton Houston Willoughby Investment Corp. reports a net loss of $22 minim for tne third quarter ended Dec 31, comapred with a profit of 812 million, or 13 cents a share, a year earlier. Revenue feU to 823-1 mlUlon from $28.1 million.

For the nine months, the loss was $4.6 miUim, or 49 cents share, compared with a profit of $5.4 million, or 55 cents a share, in the 1987 period. Revenue plunged to $66.4 miUim from The Vancouver-based company says the third-quarter results reflect the continuation of unfavorable market conditions, particularly with regard to equity securities. Management is continuing to implement the cost management program announced earlier, which Werner Dahnz Ca Ltd. of Toronto posted a loss of $641257 for the year ended Sept 30, 1981 compared with a profit of $12 million, or 22 cents a share, the previous year. Sales more than doubled to $48.1 million.

Werner Dahz says the loss is mainly attributable to a subsidiary, which was purehssed during the fiscal year. In addition, it incurred substantial non-recurring costs in the relocation and opening of several plants in both' Canada and the United States. How others performed Consolidated Trans-Canada Resources Ltd. of Calgary: Profit for the year ended Oct. 31, 1981 was .034, compared with a loss of million ln 1987.

Revenue dip- the year $571034 $122 mi Enterprises Ltd, says the latest re- rises Ltd, says thi suits reflect' significant in sales volumes for crude oil, natural gas and natural gas liquids. But reduced prices offset these gains. Capital expenditures rose to Royal Trust, fund for investments in real estate Astral boosts stake 1-in First Choice ownei ceeds will be used to repay debt. Marvel, based in Richmond, Vaj, employs about 50 people In thel-manufacture of compact refrigerc'-: ators, freezers and icemakers. Gneplex assets sold Cineplex Odeon Corp.

has comvr pleted an agreement to sell tK assets of its Film House Group In-. 1 unit to a partnership owned 51 per 1 Astral Bellevue Pathe Inc, a producer of feature films and videotaped programa.has raised its stake in the company that wholly owns the First Choice pay-TV service. Toronto-based Astral Bellevue says it has agreed to acquire about 7 per cent more of the outstanding shares of Astral Bellevue Communications Inc. from to a partnership BUSINEWS ByOfcarRoJo estate will continue to strengthen in 1989, Grover says in the announcement This, together with real estates stability and profitability overtime; leads us to anticipate a good Investor response. Meanwhile, Prudential Assurance Ca Ltd.

has established two cent by Cineplex and 49 Advertising war is heating up over edible oils In the latest round of an advertising war over edible oils, U.S. producers of imported palm oil have launched a counter-attack against claims their product raises cholesterol levels and is poisoning America." Advertisements placed by an Omaha businessman and by American soybean growers, who compete for oil markets with palm growers, have claimed that palm oil and other tropical oils such as those msoe from coconut and palm kernel raise cholesterol levels and are therefore a health risk. Now a group of palm oil producers is bitting back, seeking to stave off losses in their ware of the 815 billion (UR.) vegetable oil market Newspaper advertisements urge consumers not to be intimidated by scare tactics which are not based on scientific evidence." Several food manufacturers have eliminated oils from their ated tropical a I- products. president of and pension bjfRank Organisation PLC of Of total proceeds of $732 miniW (UR), $532 million is payabte.ft! Film House and $20 Cineplex. Cineplex says Rank has the pCr tion to acquire the remainingi'Si per cent or the partnership by PneTi ing diversification.

ProFalrt offers help Canadian businesses seeking ac-. cess to world markets are being offered assistance through a partnership between the West German airline Lufthansa and a group of tour wholesalers and trade fair representatives. The joint venture, ProFairs, will simplify procedures for Canadian businesses and professionals wishing to attend trade fairs in Germany, where many important trade fairs are held, Lufthansa says. WordsWork undar way Desktop publishers worrying 1 about deadlines can call on Woro-sWork for Immediate help. A Calgary-based company, WordsWork Comprehensive Com-mnnicatims Inc, says WordsWork provides editorial and design support for people using personal computers to produce publications such as reports, brochures and newsletters; WordsWork can be accessed a personal computer and a anywhere in North America through local phone Ilneo.

says Ron Shewchuk, WordsWork creator. With expectations of rising-property values and rents, two Industry leaders have launched a commercial real estate fund that will invest in prime commercial and industrial properties across Canada. Behind the Royal LePage Commercial Real Estate Fund are Royal Trust, the countrys largest manager of no-load mutual funds, and Rqyal LePage, a leading diver-rifled real estate services company. partners say they each in- vested 810 million in the fund. Royal Trust will be the sole distributor of the fund units, while Royal LePage will be adviser and fund manager.

We have combined our respective expertise as leaders in our industries to offer Canadians this investment opportunity, John Cranes Royal Treat's vice-president for investments; says In announcing the Joint fund. Grover, Royal LePage's general at for the new fund. Royal LePage market research Indicates that property values and rental rates for commercial real Consolidated Holdings Corp. for an undisclosed sum. 1 The purchase brings Astral's voting interest in the communications firm to about 59 per cent and its equity to about 55 per cent In addition to First Choice, Astral Bellevue Communications owns 50 per cent of The Family Channel and a controlling interest in Premier Choix: TVEC, which operates Super Ecran and Canal Famille services.

Varity sells division Varity Corp. of Toronto says its UA unit, Dayton Walther Corp, has sold its Marvel Industries division to Northland Corp. of Greenville, Mich. Terms of the transaction have not been disclosed. Varity says pro subsidiaries following the introduction of its Strata Mutual Michael AJ Prudentials life ations in Canada says Strata Funds Ltd.

is fund manager, while Strata Distribution Services Ltd. Is the distributor. Watarfoonrcfn roots Waferboard Corp. Ltd. is returning to its roots by changing its name to Malette Inc.

The company, based in Timmins, consolidated the operations of Malette A founded in 1952, and Malette Lumber Inc, established in 1961. Gaston Malette, chairman, president and chief executive officer, says the new name win reflect the companys markedly Increas- Mineral Resources Mineral Resources IntemationSt Ltd. has bought more of Barons Oil Ltd. agreement, Increasing -stake in the company to 83 from 79 per cent. Mineral Resources is based Toronto and Barons Oil In Leth bridge, Alta.

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