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September 22, 1998

COMPANY RESULT: MORTICE KERN SYSTEMS INC

By CBR Staff Writer

Mortice Kern Systems Inc, Canadian provider of project development tools, has reported a first-quarter net loss of $11.2m on revenue up 46% at $5.7m, compared to net income of $196,000 for the same quarter last year. Results include a one- time charge of $11.7m related to the company’s acquisition of Silvon Software Inc (CI No 3,466). Figures were converted at a rate of C$1.53 to the dollar.

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