11:32 AM EST - Groupe Bikini Village Inc. : reported for the first quarter a net loss of $286,000 or nil per share, compared to net earnings of $167,000 or nil per share in the same period a year ago. Net sales for the quarter, which ended May 2, 2009, were $9.9 million, unchanged from the same period last year. Comparable sales from the same number of stores year-over-year decreased by 4.6 per cent for the first quarter. Groupe Bikini Village also announced the resignation of Melinda Lee, following which the board has decided to reduce the number of directors from five to four. Additionally, the company announced that Les Investments Elmag Inc. has purchased a significant number of shares for investment purposes and now owns approximately nine per cent of the shares of the company. Groupe Bikini Village Inc.
shares T.GBV are trading up $0.01 at $0.05.
