August 29, 2006
Supplier enjoys fruits of busy construction
CALGARY
Cervus LP is reporting higher second-quarter profits. The company, which operates 10 John Deere stores in Alberta, Saskatchewan and Manitoba and five construction equipment dealerships in Alberta, credits the strong construction activity for its favourable balance sheet.
“The strong construction economy in Alberta has provided LP with very positive results in its construction division,” said Peter Lacey, president and CEO of Cervus GP Ltd., the general partner of Cervus LP. “The agriculture division has seen positive increases in its gross sales over the prior year, however Canadian-US exchange rates, grain prices, weather conditions, and higher-than-normal used inventory levels continue to be a challenge.”
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