Capital Environmental Reports Quarter-End Results

Date: September 26, 2002

Source: News Room

Capital Environmental Resource Inc. (Nasdaq: CERI) has reported first and second quarter 2002 results. Net income was $333,000 and $1.8 million for the first and second quarters, respectively, for a combined net income of $2.1 million for the six months ending June 30, 2002. Basic and fully diluted earnings per share were $0.07 and $0.06 for the six months ended June 30, 2002. Revenue for the six-month period ended June 30, 2002 was $45.3 million compared to $49.5 million for the comparable period last year. The company also announced that it has acquired five companies, three in Alberta: H&P Disposal, Z Best Waste Systems Inc. and Quality Waste Management Ltd.; one in British Columbia: Active Disposal & Recycling Ltd.; and, one in Ontario: Highland Enterprises. More information:

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