Skip navigation

  1. Try the new Globe Investor beta site

    We're building you a new Globe Investor that is smarter, faster and easier to use.
    We'll be rolling out new sections, features and tools over the coming months.

  3. Check out these features:

News from Reuters

TLC Vision sees 2006 revenue up on growth plan

14/02/06

TORONTO (Reuters) - TLC Vision Corp. said on Tuesday it expects its 2006 revenue to jump at least 27 percent, thanks to its growth strategy and the rollout of its Lasik Select brand.

The laser eye company sees 2006 revenue of between $308 million to $318 million, with aftertax earnings per share in the range of 20 cents to 22 cents.

The forecast revenue, up at least 27 percent from $242.2 million in 2005, will come from TLC's TruVision procedures, acquisitive growth and its Lasik Select brand, the company said.

The company will incur costs of 3 cents per share associated with the brand rollout, largely in the first half of 2006.

TLC has five locations in operation and has opened four Lasik Select centers so far this quarter. The company expects its fifth Lasik Select location to be announced in the first quarter, and five additional locations in the second half of 2006.

TLC last traded on the Toronto Stock Exchange on Monday at C$6.58 a share.

($1=$1.16 Canadian)

© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.


 

Back to top