Canada Dividend Investor: GDI

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Wednesday, November 14, 2012

GDI - General Donlee Canada Inc. Reports Third Quarter Results and Strong Backlog; Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 14/11/2012
Record Date: 24/12/2012

Dividend Detail:

TORONTO, Nov. 14, 2012 /CNW/ - General Donlee Canada Inc. ("General
Donlee" or the "Company") (TSX: GDI) today announced its results for
the third quarter ended September 30, 2012. The Board has declared a
quarterly dividend of 8.25 cents per common share payable on January
15, 2013 to holders of record at the close of business on December 28,
2012.

Financial highlights relating to General Donlee's third quarter 2012:

Backlog of $62.5 million at September 30, 2012, 17% higher than in Q3
2011

Basic income per share of 10.3 cents for the quarter compared to 4.4
cents per share in Q3 2011

Quarterly dividend of 8.25 cents per share paid to shareholders on
October 15, 2012

Continuing positive cash flow from operations

"General Donlee generated $12.6 million in sales during the third
quarter, up slightly from the similar period last year. In the third
quarter we generated $1.4 million of positive cash flow from operations
before changes in working capital and net of interest expenses, and
paid out $0.88 million in quarterly dividends to shareholders" said the
Company's President and Chief Executive Officer, Garen Mikirditsian.

Strong backlog

"At September 30, 2012, our production order backlog was at $62.5
million, a near record high and up 72% over the last three years, and
represents the confidence our customers have in the Company's ability
to consistently deliver product of the highest quality," said Mr.
Mikirditsian. "We expect demand to remain robust, especially from
aerospace customers."

Gross Profit

Gross profit for the quarter remained healthy. "Our strong gross profit
for the quarter reflects our positive top line performance but also is
evidence of careful management of our costs", said Mr. Mikirditsian.

Net Income before other gains, losses and income taxes

Net income before other gains, losses and income taxes for the quarter
was $1.3 million, down slightly over the comparable period in 2011.

Financial Highlights

The following summary of financial data presents General Donlee's
consolidated results of operations for the three-month and nine-month
periods ended September 30, 2012, including comparative results for the
same periods in 2011.��

��

($ millions, except per Share amounts)��	Three Months Ended		Nine Months Ended
��	Sept 30/12	Sept 30/11	Sept 30/12	Sept 30/11
Operations	��	��	��	��
Sales	12.6	12.5	40.9	37.1
Gross profit	3.0	3.2	10.7	9.1
Net income before other gains, losses and income taxes	1.3	1.4	5.0	3.5
Net income	1.1	0.5	3.4	2.9
Basic income��per share	$0.103^(a)	$0.044^(b)	$0.319^(c)	�� $0.274^(b)

(a)��	Based on weighted average of 10,615,183 shares outstanding.
(b)��	Based on weighted average of 10,664,634 shares outstanding.
(c)��	Based on weighted average of 10,635,432 shares outstanding.

General Donlee had sales of $40.9 million for the first nine months of
2012 - an increase of $3.8 million, or 10%, over its sales in the same
period in 2011. Sales in the Company's aerospace and power generation
products division during the nine month period ended September 30, 2012
were $24.9 million - up by 7%, or $1.7 million, over the comparable
period in 2011. General Donlee's specialty precision products
division's sales during the same period were $16.0 million, an increase
of $2.1 million or 15% over the same period last year.

Excluding the impact of non-recurring items in both comparable periods,
the Company's net income before other gains, losses and income taxes
during the nine months ended September 30, 2012 was $5.0 million, up
42% compared to $3.5 million during the same period in 2011.

The Company's net income during the nine months ended September 30, 2012
was $3.4 million, compared to net income of $2.9 million during the
same period in the previous year.

Outlook

The Company continues to see strong demand from customers, especially
those in the aerospace sector. "Our production backlog of $62.5 million
is evidence of the confidence our customers have in the Company's
ability to consistently deliver product of the highest quality," said
President and Chief Executive Officer, Garen Mikirditsian.

The Company expects demand for its services to remain robust. "We see
potential to broaden our customer base in the aerospace and oil & gas
industries, as well as particular opportunities in the nuclear sector",
said Mr. Mikirditsian.�� "We are making significant investments in
capital equipment and human resources to support our growth strategy
and to offer incremental capabilities and capacity to our customers,
while ensuring we continue to provide them with excellent service."

General Donlee's outlook for sustainable and profitable growth is also
grounded on its consistent focus on continuous improvement. "We
continue to implement operational improvement initiatives, with a
particular emphasis on increasing throughput and managing our working
capital effectively," added Mr. Mikirditsian. "Operational excellence
is key to our strategy, and we are committed to exceeding our
customers' expectations by continuously improving our performance in
Safety, Quality, Delivery and Productivity."

Company Profile

General Donlee Canada Inc. is a leading diversified manufacturer of
precision-machined products for the military, commercial and general
aerospace industries, and a specialist in the manufacture of
precision-machined products for the industrial products and power
generation industries.�� General Donlee's operating strategy focuses on
targeting niche markets for products that are aligned with its
sophisticated manufacturing capabilities and skilled workforce.

Non-GAAP Measure

References to "net income before other gains, losses and income taxes"
are to earnings before other losses and gains and provision for income
taxes. This non-GAAP measure, is not an earnings measure recognized by
IFRS and does not have a standardized meaning prescribed by IFRS.

SEDAR Filings

On November 14, 2012 the Company will file its unaudited Condensed
Consolidated Interim Financial Statements (including the notes thereto)
and Management's Discussion and Analysis for the nine-month period
ended September 30, 2012 with SEDAR at www.sedar.com.�� The documents will also be available on the Company's website at www.generaldonlee.com on the Financial Reports page.

Forward-Looking Information

As with all forward-looking statements, caution must be exercised to
ensure that appropriate interpretation is made. Certain forward-looking
statements are based on information currently available to Management,
but are subject to a number of uncertainties and risks that could cause
actual results to differ materially from the results discussed in the
forward-looking statements. These uncertainties and risks include, but
are not limited to those listed under the "Risk Factors" section of the
Company's 2011 Annual Information Form, dated March 30, 2012 (which can
be found at www.sedar.com).

Further information can be found in the disclosure documents filed by
General Donlee Canada Inc. with the securities regulatory authorities,
available at www.sedar.com or through the Company's website at www.generaldonlee.com.

% SEDAR 00017571E��

��

SOURCE: General Donlee Canada Inc.

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Telephone:��(416) 743-4417

Gerry Thain
Interim Chief Financial Officer
Telephone:��(416) 743-4417

E-mail:��info@generaldonlee.com
Web site:��www.generaldonlee.com

Tuesday, August 7, 2012

GDI - General Donlee Canada Inc. Reports Record Backlog and Strong Second Quarter Results; Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 07/08/2012
Record Date: 26/09/2012

Dividend Detail:

TORONTO, Aug. 7, 2012 /CNW/ - General Donlee Canada Inc. ("General
Donlee" or the "Company") (TSX: GDI) today announced its results for
the second quarter ended June 30, 2012. The Board has declared a
quarterly dividend of 8.25 cents per common share payable on October
15, 2012 to holders of record at the close of business on September 28,
2012.

Financial highlights relating to General Donlee's second quarter 2012:

Sales of $14.2 million, up 18% compared to Q2 2011

Gross Profit of $3.8 million, up 32% compared to Q2 2011

Net Income before other gains, losses and income taxes of $1.8 million,
up 84% compared to Q2 2011

Record backlog of $63.8 million at June 30, 2012, 19% higher than in Q2
2011

Quarterly dividend of 8.25 cents per share paid to shareholders on July
16, 2012

Continuing growth in sales and positive cash flow from operations

"General Donlee's 18% increase in sales in the second quarter over the
comparable period last year continues to reflect strong fundamentals in
the industries we serve and our ability to grow our business with
current and new customers. As a result, in the second quarter we
generated $2.2 million of positive cash flow from operations before
changes in working capital and net of interest expenses, and paid out
$0.88 million in quarterly dividends to shareholders" said the
Company's President and Chief Executive Officer, Garen Mikirditsian.

Record backlog

"At June 30, 2012, our production order backlog was at a record level of
$63.8 million, up 46% over the last 3 years, and representing an
important milestone in the Company's 47-year history that reflects the
confidence our customers have in the Company's ability to consistently
deliver product of the highest quality," said Mr. Mikirditsian. "We
expect demand to remain robust."

Increase in Gross Profit

Gross profit for the quarter was 32% higher than in the comparable
period in 2011, mainly due to higher sales volumes and reflecting the
impact of the Company's continuous improvement initiatives. "Our strong
gross profit for the quarter reflects our positive top line performance
but also is evidence of careful management of our costs", said Mr.
Mikirditsian.

Net Income before other gains, losses and income taxes

Net income before other gains, losses and income taxes for the quarter
was $1.8 million, representing a 18% increase over the comparable
period in 2011.

Financial Highlights

The following summary of financial data presents General Donlee's
consolidated results of operations for the three-month and six-month
periods ended June 30, 2012, including comparative results for the same
periods in 2011.��

��

($ millions, except per Share amounts)	Three Months Ended		Six Months Ended
��	June 30/12	June 30/11	June 30/12	June 30/11
Operations	��	��	��	��
Sales	14.2	12.0	28.3	24.6
Gross profit	3.8	2.9	7.8	5.9
Net income before other gains, losses and income taxes	1.8	1.0	3.7	2.1
Net income	0.7	1.2	2.3	2.5
Basic income�� per share	$0.068^(a)	$0.108^(b)	$0.217^(c)	�� $0.230^(b)

(a)	Based on weighted average of 10,644,830 shares outstanding.
(b)	Based on weighted average of 10,664,634 shares outstanding.
(c)	Based on weighted average of 10,645,668 shares outstanding.

��

General Donlee had sales of $28.3 million for the first half of 2012 -
an increase of $3.7 million, or 15%, over its sales in the same period
in 2011. Sales in the Company's aerospace and power generation products
division during the first six month period ended June 30, 2012 were
$17.0 million - up by 13%, or $2.0 million, over the comparable period
in 2011. General Donlee's specialty precision products division's sales
during the same period were $11.3 million, an increase of $1.7 million
or 18% over the same period last year.

Excluding the impact of non-recurring items in both comparable periods,
the Company's net income before other gains, losses and income taxes
during the six months ended June 30, 2012 quarter was $3.7 million, up
76% compared to $2.1 million during the same period in 2011.

The Company's net income during the six months ended June 30, 2012 was
$2.3 million, compared to net income of $2.5 million during the same
period in the previous year.

Appointment of Interim Chief Financial Officer

General Donlee announces the appointment of Gerald Thain as Interim
Chief Financial Officer until the engagement of a permanent Chief
Financial Officer.

Outlook

The Company continues to see strong demand from customers and healthy
fundamentals in the end markets it serves. "Our record production
backlog of $63.8 million is evidence of the confidence our customers
have in the Company's ability to consistently deliver product of the
highest quality," said Chief Executive Officer and Interim Chief
Financial Officer, Garen Mikirditsian.

The Company expects demand for its services to remain robust. "We are
experiencing important quoting activity across many markets and
particularly within the commercial aircraft industry", said Mr.
Mikirditsian.�� "We are also making investments in capital equipment and
have been growing our skilled workforce steadily to accommodate
increasing demand from our customers, while ensuring we continue to
provide them with excellent service."

General Donlee's outlook for sustainable and profitable growth is also
grounded in its focus on continuous improvement. "We continue to
implement operational improvement initiatives at both Donlee Precision
and General Gear, and we note in particular the upgrade of our
enterprise resource systems this quarter," added Mr. Mikirditsian.
"Operational excellence is key to our strategy, and we are committed to
exceeding our customers' expectations by continuously improving our
performance in Quality, Delivery, Productivity and Safety."

Company Profile

Non-GAAP Measure

SEDAR Filings

On August 7, 2012 the Company will file its unaudited Condensed
Consolidated Interim Financial Statements (including the notes thereto)
and Management's Discussion and Analysis for the six-month period ended
June 30, 2012 with SEDAR at www.sedar.com.�� The documents will also be available on the Company's website at www.generaldonlee.com on the Financial Reports page.

Forward-Looking Information

��

SOURCE: General Donlee Canada Inc.

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Telephone:��(416) 743-4417

Gerry Thain
Interim Chief Financial Officer
Telephone:��(416) 743-4417

E-mail:��info@generaldonlee.com
Web site:��www.generaldonlee.com

Thursday, May 3, 2012

GDI - General Donlee Canada Inc. Reports Strong First Quarter Results and Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 03/05/2012
Record Date: 27/06/2012

Dividend Detail:

TORONTO, May 3, 2012 /CNW/ - General Donlee Canada Inc. ("General
Donlee" or the "Company") (TSX: GDI) today announced its results for
the first quarter ended March 31, 2012. The Board has declared a
quarterly dividend of 8.25 cents per common share payable on July 16,
2012 to holders of record at the close of business on June 29, 2012.

Financial highlights relating to General Donlee's first quarter 2012:

Sales of $14.1 million, up 12% compared to Q1 2011

Gross Profit of $3.9 million, up 31% over Q1 2011

Net income of $1.6 million or $0.149 per share, a 23% increase over Q1
2011

Sales order backlog of $51.5 million at March 31, 2012

Quarterly dividend of 8.25 cents per share paid to shareholders on April
16, 2012

Continuing growth in sales and positive cash flow from operations

"General Donlee's 12% increase in sales in the first quarter over the
comparable period last year continues to reflect strong fundamentals in
the industries we serve and our ability to grow our business with
current and new customers. As a result, in the first quarter we
generated $2.4 million of positive cash flow from operations before
changes in working capital and net of interest expenses, and paid out
$0.88 million in quarterly dividends to shareholders" said Chief
Executive Officer and Interim Chief Financial Officer, Garen
Mikirditsian.

Strong backlog

"At March 31, 2012, our production order backlog was at $51.5 million,
reflecting the confidence our customers have in the Company's ability
to consistently deliver product of the highest quality," said Mr.
Mikirditsian. "We expect demand to remain robust in 2012."

Increase in Gross Profit

Gross profit for the quarter was 31% higher than in the comparable
period in 2011, mainly due to higher production volumes resulting in
improved overhead absorption. "Our strong gross profit for the quarter
reflects our positive top line performance but also is evidence of a
focused approach to controlling costs that is having real impact", said
Mr. Mikirditsian.

Foreign Exchange Hedging Program

To mitigate its exposure to currency fluctuations, General Donlee has a
rolling hedging program with a chartered Canadian bank through which it
reduces its U.S. dollar exposure by entering into foreign exchange
forward contracts. As of March 31, 2012, the Company had foreign
exchange forward contracts outstanding to sell $11.9 million U.S.
dollars and to buy Canadian dollars at an average exchange rate of CAD
$1.0285. In addition, the Company's significant U.S. dollar purchases
of raw materials and outside services provide a natural hedge in its
U.S. dollar exposure.

Financial Highlights

The following summary of financial data presents General Donlee's
consolidated results of operations for the three-month period ended
March 31, 2012, including comparative results for the same period in
2011.

��

($ millions, except Share/Unit and per Share/Unit amounts)��	Three Months Ended
��	Mar. 31/12	Mar. 31/11
Operations	��	��
Sales	14.1	12.6
Gross profit	3.9	3.0
Net income	1.6	1.3
Basic income�� per share	$0.149^(a)	�� $0.122^(b)

(a)��Based on weighted average of 10,646,505 shares outstanding.

(b)��Based on weighted average of 10,664,634 shares outstanding.

General Donlee delivered sales of $14.1 million for the three months
ended March 31, 2012 - an increase of $1.5 million, or 12%, over its
sales in the same period in 2011. Sales in the Company's aerospace and
power generation products division during the three-months ended March
31, 2012 were $8.0 million - up by 5%, or $0.4 million, over the
comparable period in 2011. General Donlee's specialty precision
products division's sales during the same period were $6.1 million, an
increase of $1.1 million or 22% over the same period last year.

The Company's net income during the three months ended March 31, 2012
was $1.6 million, compared to net income of $1.3 million during the
same period in the previous year. This net increase in profitability
reflected:

Stronger gross profit levels due to higher production volumes resulting
in improved overhead absorption

A realized foreign exchange gain of $0.2 million in 2012 vs. a realized
foreign exchange gain of $0.1 million in 2011; and

An unrealized foreign exchange gain in 2012 of $0.2 million vs. an
unrealized foreign exchange loss of $0.03 million in 2011, partially
offset by

A provision for deferred tax in 2012 of $0.5 million vs. a recovery of
$0.2 million in 2011.

Outlook

The Company continues to see strong demand from customers and healthy
fundamentals in the end markets it serves. "Our production backlog of
$51.5 million is evidence of the confidence our customers have in the
Company's ability to consistently deliver product of the highest
quality," said Chief Executive Officer and Interim Chief Financial
Officer, Garen Mikirditsian.

The Company expects demand for its services to remain robust in the near
term. "With market forecasts pointing to a prolonged upcycle of orders
and production in the commercial aircraft industry, we expect demand
for our aerospace products to remain strong", said Mr. Mikirditsian.��
"We also see distinct opportunities to grow our business with certain
of our current customers and expand our relationships in the aerospace,
oil & gas, industrial and nuclear sectors."

General Donlee's outlook for sustainable and profitable growth is also
grounded on its consistent focus on continuous improvement.
"Operational excellence is key to the Company's strategy, and we are
starting to see our operational improvement initiatives positively
impacting our overall performance. More specifically, we are happy to
note that the impressive performance of our specialty precision
division compared to the comparable period last year was significantly
driven by operational improvements implemented during the quarter",
added Mr. Mikirditsian.

Company Profile

SEDAR Filings

On May 7, 2012 the Company will file its unaudited Condensed
Consolidated Interim Financial Statements (including the notes thereto)
and Management's Discussion and Analysis for the three-month period
ended March 31, 2012 with SEDAR at www.sedar.com.�� The documents will also be available on the Company's website at www.generaldonlee.com on the Financial Reports page.

Forward-Looking Information

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Interim Chief Financial Officer
Telephone:��(416) 743-4417
E-mail:��info@generaldonlee.com
Web site:��www.generaldonlee.com

Wednesday, May 2, 2012

GDI - General Donlee Canada Inc. Reports Strong First Quarter Results and Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 03/05/2012
Record Date: 27/06/2012

Dividend Detail:

Financial highlights relating to General Donlee's first quarter 2012:

Sales of $14.1 million, up 12% compared to Q1 2011

Gross Profit of $3.9 million, up 31% over Q1 2011

Net income of $1.6 million or $0.149 per share, a 23% increase over Q1
2011

Sales order backlog of $51.5 million at March 31, 2012

Quarterly dividend of 8.25 cents per share paid to shareholders on April
16, 2012

Continuing growth in sales and positive cash flow from operations

Strong backlog

Increase in Gross Profit

Foreign Exchange Hedging Program

Financial Highlights

��

($ millions, except Share/Unit and per Share/Unit amounts)��	Three Months Ended
��	Mar. 31/12	Mar. 31/11
Operations	��	��
Sales	14.1	12.6
Gross profit	3.9	3.0
Net income	1.6	1.3
Basic income�� per share	$0.149^(a)	�� $0.122^(b)

(a)��Based on weighted average of 10,646,505 shares outstanding.

(b)��Based on weighted average of 10,664,634 shares outstanding.

Stronger gross profit levels due to higher production volumes resulting
in improved overhead absorption

A realized foreign exchange gain of $0.2 million in 2012 vs. a realized
foreign exchange gain of $0.1 million in 2011; and

An unrealized foreign exchange gain in 2012 of $0.2 million vs. an
unrealized foreign exchange loss of $0.03 million in 2011, partially
offset by

A provision for deferred tax in 2012 of $0.5 million vs. a recovery of
$0.2 million in 2011.

Outlook

Company Profile

SEDAR Filings

Forward-Looking Information

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Interim Chief Financial Officer
Telephone:��(416) 743-4417
E-mail:��info@generaldonlee.com
Web site:��www.generaldonlee.com

Friday, March 9, 2012

GDI - General Donlee Canada Inc. Reports Fourth Quarter and Year End December 31, 2011 Results and Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 09/03/2012
Record Date: 28/03/2012

Dividend Detail:

TORONTO, March 9, 2012 /CNW/ - General Donlee Canada Inc. ("General
Donlee" or the "Company") (TSX: GDI) today announced its results for
the fourth quarter and year ended December 31, 2011. The Board has
declared a quarterly dividend of $0.0825 per common share payable on
April 16, 2012 to holders of record at the close of business on March
30, 2012.

Financial highlights relating to General Donlee's fourth quarter 2011:

Sales of $11.8 million, up 10% compared to Q4 2010

Net income of $1.7 million or $0.159 per share, an increase of $0.3
million over Q4 2010

Sales order backlog of $55.4 million at December 31, 2011, up $10.6
million from year-end 2010

Quarterly dividend of $0.0825 per share paid to shareholders on January
16, 2012

Financial highlights relating to the year 2011:

Sales of $48.9 million, up 19% compared to 2010

Net income of $4.6 million or $0.433 per share, an increase of $1.7
million over 2010

Dividends totaling $0.33 per share declared to shareholders in 2011

On February 29, 2012, the Company announced that it has renewed its
Long-Term Agreement (LTA) with an existing major aerospace customer
with total revenue relating to the LTA estimated at approximately US$95
million over the 4-year term of the extension, representing a
significant increase in annual volume compared to 2011.

Consistent growth in sales and positive cash flow from operations

"General Donlee's 10% increase in sales in the fourth quarter and 19%
increase in sales year-to-date over the comparable periods last year
continue to reflect strong fundamentals in the industries we serve and
our ability to grow our business with current and new customers. As a
result, in the fourth quarter we generated $1.5 million of positive
cash flow from operations before changes in working capital, and paid
out $0.88 million in quarterly dividends to shareholders" said Chief
Executive Officer and Interim Chief Financial Officer, Garen
Mikirditsian.

Growing backlog

"At December 31, 2011, our production order backlog was at a 4-year high
of $55.4 million, up by $10.6 million or 24% relative to our backlog at
the end of 2010," said Mr. Mikirditsian. "The strong backlog supports a
positive outlook and is evidence of the confidence our customers have
in the Company's ability to consistently deliver product of the highest
quality. We expect demand to remain robust in 2012."

Impact of stronger Canadian dollar at year-end

"Our net income for the quarter reflects a net foreign exchange gain of
$0.6 million mainly resulting from a non-cash mark-to-market gain on
our long-term hedging program due to the strength of the Canadian
dollar. Net income was $1.7 million for the quarter, an increase of
$0.3 million or 21% over the similar period in 2010," said Mr.
Mikirditsian.

To mitigate its exposure to currency fluctuations, General Donlee has a
rolling hedging program with a chartered Canadian bank through which it
reduces its U.S. dollar exposure by entering into foreign exchange
forward contracts. As of December 31, 2011, the Company had foreign
exchange forward contracts outstanding to sell $18.4 million U.S.
dollars and to buy Canadian dollars at an average exchange rate of CAD
$1.0285. In addition, the Company's significant U.S. dollar purchases
of raw materials and outside services provide a natural hedge in its
U.S. dollar exposure.

Financial Highlights

The following summary of financial data presents General Donlee's
consolidated results of operations for the three-and twelve month
periods ended December 31, 2011, including comparative results for the
same periods in 2010.��

��

($ millions, except Share/Unit and per Share/Unit amounts)��	��	��	Three Months Ended			��	Twelve Months Ended
��	��	��	Dec. 31/11	��	Dec. 31/10	��	Dec. 31/11	��	Dec. 31/10
Operations	��	��	��	��	��	��	��	��	��
Sales	��	��	11.8	��	10.7	��	48.9	��	41.1
Gross profit	��	��	4.1	��	2.7	��	12.7	��	10.0
Net income	��	��	1.7	��	1.4	��	4.6	��	2.9
Basic income�� per share/Unit	��	��	$0.159^(a)	��	$0.127^(b)	��	$0.433^(a)	��	$0.272^(b)

(a)��	Based on weighted average of 10,664,465 shares outstanding.
(b)��	Based on weighted average of 10,664,634 units outstanding.

General Donlee delivered sales of $48.9 million for the year ended
December 31, 2011 - an increase of $7.8 million, or 19%, over its sales
in the same period in 2010. Sales in the Company's aerospace and power
generation products division during the year ended December 31, 2011
were $29.8 million - up by 23%, or $5.5 million, over the comparable
period in 2010. General Donlee's specialty precision products
division's sales during the same period were $19.1 million, an increase
of $2.3 million or 14% over the same period last year.

The Company's net income during the year ended December 31, 2011 was
$4.6 million, compared to net income of $2.9 million during the same
period in the previous year. This net increase in profitability
reflected:

Stronger gross profit levels resulting from improved sales

The recording of a SR&ED tax credit in 2011

A realized foreign exchange gain of $0.6 million in 2011 vs. a realized
foreign exchange gain of $0.04 million in 2010; and

An accounting gain of $0.9 million on pension curtailment recorded in
2011

An unrealized foreign exchange loss in 2011 of $0.3 million vs. an
unrealized foreign exchange loss of $0.5 million in 2010, partially
offset by

A provision for deferred tax in 2011 of $1.1 million vs. a recovery of
$0.9 million in 2010.

Outlook

The Company continues to see strong demand from customers and robust
fundamentals in the end markets it serves. "Our 4-year high production
backlog of more than $55 million is evidence of the confidence our
customers have in the Company's ability to consistently deliver product
of the highest quality," said Chief Executive Officer and Interim Chief
Financial Officer, Garen Mikirditsian.

As announced on February 29, 2012, the Company has renewed its Long Term
Agreement (LTA) with an existing major aerospace customer.�� The
extension covers all current parts and includes additional work with
total revenue relating to the LTA estimated at approximately US$95
million over the 4-year term of the extension, representing a
significant increase in annual volume compared to 2011. Mr.
Mikirditsian noted: "This extension, which cements our Company as a key
and leading supplier to this major customer beyond 2012 through to the
end of 2016, is a strong testament to the quality focus and customer
commitment of General Donlee."

General Donlee's outlook for sustainable and profitable growth is also
grounded on its consistent focus on continuous improvement. As part of
its strategy of achieving operational excellence, and as announced on
February 13, 2012, the Company appointed Bruce Van Nus, a seasoned
operations executive with over twenty years of manufacturing
experience, as its Chief Operating Officer. "We are committed to
investing in people, capital equipment and technology, in order to
serve our customers and meet and exceed their stringent requirements
for excellent quality and impeccable delivery. With a highly skilled
workforce and an experienced and driven management team, we are
confident that we will continue to satisfy our customers and achieve
our growth targets," added Mr. Mikirditsian.

Company Profile

SEDAR Filings

On March 12, 2012 the Company will file its audited Consolidated
Financial Statements (including the notes thereto) and Management's
Discussion and Analysis for the year ended December 31, 2011 with SEDAR
at www.sedar.com.�� These documents will also be available on the Company's website at www.generaldonlee.com on the Financial Reports page.

Forward-Looking Information

As with all forward-looking statements, caution must be exercised to
ensure that appropriate interpretation is made. Certain forward-looking
statements are based on information currently available to Management,
but are subject to a number of uncertainties and risks that could cause
actual results to differ materially from the results discussed in the
forward-looking statements. These uncertainties and risks include, but
are not limited to those listed under the "Risk Factors" section of the
Company's 2010 Annual Information Form, dated March 25, 2011 (which can
be found at www.sedar.com).

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Interim Chief Financial Officer
Telephone:��(416) 743-4417
E-mail:��info@generaldonlee.com
Web site:��www.gen eraldonlee.com

Thursday, March 8, 2012

GDI - General Donlee Canada Inc. Reports Fourth Quarter and Year End December 31, 2011 Results and Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 09/03/2012
Record Date: 28/03/2012

Dividend Detail:

Financial highlights relating to General Donlee's fourth quarter 2011:

Sales of $11.8 million, up 10% compared to Q4 2010

Net income of $1.7 million or $0.159 per share, an increase of $0.3
million over Q4 2010

Sales order backlog of $55.4 million at December 31, 2011, up $10.6
million from year-end 2010

Quarterly dividend of $0.0825 per share paid to shareholders on January
16, 2012

Financial highlights relating to the year 2011:

Sales of $48.9 million, up 19% compared to 2010

Net income of $4.6 million or $0.433 per share, an increase of $1.7
million over 2010

Dividends totaling $0.33 per share declared to shareholders in 2011

Consistent growth in sales and positive cash flow from operations

Growing backlog

Impact of stronger Canadian dollar at year-end

To mitigate its exposure to currency fluctuations, General Donlee has a
rolling hedging program with a chartered Canadian bank through which it
reduces its U.S. dollar exposure by entering into foreign exchange
forward contracts. As of December 31, 2011, the Company had foreign
exchange forward contracts outstanding to sell $18.4 million U.S.
dollars and to buy Canadian dollars at an average exchange rate of CAD
$1.0285. In addition, the Company's significant U.S. dollar purchases
of raw materials and outside services provide a natural hedge in its
U.S. dollar exposure.

Financial Highlights

��

($ millions, except Share/Unit and per Share/Unit amounts)��	��	��	Three Months Ended			��	Twelve Months Ended
��	��	��	Dec. 31/11	��	Dec. 31/10	��	Dec. 31/11	��	Dec. 31/10
Operations	��	��	��	��	��	��	��	��	��
Sales	��	��	11.8	��	10.7	��	48.9	��	41.1
Gross profit	��	��	4.1	��	2.7	��	12.7	��	10.0
Net income	��	��	1.7	��	1.4	��	4.6	��	2.9
Basic income�� per share/Unit	��	��	$0.159^(a)	��	$0.127^(b)	��	$0.433^(a)	��	$0.272^(b)

(a)��	Based on weighted average of 10,664,465 shares outstanding.
(b)��	Based on weighted average of 10,664,634 units outstanding.

Stronger gross profit levels resulting from improved sales

The recording of a SR&ED tax credit in 2011

A realized foreign exchange gain of $0.6 million in 2011 vs. a realized
foreign exchange gain of $0.04 million in 2010; and

An accounting gain of $0.9 million on pension curtailment recorded in
2011

An unrealized foreign exchange loss in 2011 of $0.3 million vs. an
unrealized foreign exchange loss of $0.5 million in 2010, partially
offset by

A provision for deferred tax in 2011 of $1.1 million vs. a recovery of
$0.9 million in 2010.

Outlook

Company Profile

SEDAR Filings

Forward-Looking Information

As with all forward-looking statements, caution must be exercised to
ensure that appropriate interpretation is made. Certain forward-looking
statements are based on information currently available to Management,
but are subject to a number of uncertainties and risks that could cause
actual results to differ materially from the results discussed in the
forward-looking statements. These uncertainties and risks include, but
are not limited to those listed under the "Risk Factors" section of the
Company's 2010 Annual Information Form, dated March 25, 2011 (which can
be found at www.sedar.com).

For further information:

Garen Mikirditsian
President & Chief Executive Officer
Interim Chief Financial Officer
Telephone:��(416) 743-4417
E-mail:��info@generaldonlee.com
Web site:��www.gen eraldonlee.com

Monday, November 7, 2011

GDI - General Donlee Canada Inc. Reports Third Quarter Results and Declares Quarterly Dividend of $0.0825 per Share (CAD 0.0825)

Company: General Donlee Canada Inc.
Stock Name: GDI
Amount: CAD 0.0825
Announcement Date: 07/11/2011
Record Date: 28/12/2011

Dividend Detail:

TORONTO, Nov. 7, 2011 /CNW/ - General Donlee Canada Inc. (the
"Corporation," the "Company" or "General Donlee") (TSX: GDI) today
announced its results for the third quarter, ended September 30, 2011.
The Board has declared a quarterly dividend of $0.0825 per common share
payable on January 16, 2012 to holders of record at the close of
business on December 30, 2011.

Financial highlights relating to General Donlee's third quarter 2011
include:

Sales of $12.5 million, up 25% compared to Q3 2010

$2.0 million in cash flow from operations before changes in working
capital, an increase of 55% compared to Q3 2010

Net income of $0.5 million compared to net income of $1.4 million in Q3
2010

Sales order backlog of $53.6 million at September 30, 2011, up $8.8
million from year-end 2010

Quarterly dividend of $0.0825 per share announced on September 22, 2011
and paid to shareholders on October 14, 2011

Consistent growth in sales and positive cash flow from operations

"General Donlee's 25% increase in sales in the third quarter and 22%
increase in sales year-to-date over the comparable periods last year
continue to reflect improving fundamentals in the industries we serve
and our ability to grow our business with current and new customers. As
a result, in the third quarter we generated $2.0 million of positive
cash flow from operations before changes in working capital, and paid
out $0.88 million in quarterly dividends to shareholders," said Interim
Chief Executive Officer and Chief Financial Officer, Garen
Mikirditsian.

Strong production

"Our production order backlog which has grown by $8.8 million in the
first nine months of 2011 remains strong at $53.6 million, up 20%
relative to our backlog at the end of last year," said Mr.
Mikirditsian. "The strong backlog builds confidence for the future and
is evidence that our customer-focused business strategy is yielding
positive, concrete results. Based on the increased rate of quoting
activity we've seen in 2011, we expect demand to remain robust."

Impact of stronger USD at quarter-end

"Our net income for the quarter reflects a net foreign exchange loss of
$0.5 million mainly resulting from a non-cash mark-to-market loss of
$0.7 million on our long-term hedging program due to the USD gaining
strength at the end of the month of September. Net income for the third
quarter also reflects a $0.2 million provision for deferred taxes.
Excluding the impact of foreign exchange gains or losses and deferred
taxes, net income for the third quarter of 2011 was $1.2 million, a 60%
increase compared to net income of $0.75 million in the similar period
in 2010," said Mr. Mikirditsian.

To mitigate its exposure to currency fluctuations, General Donlee has a
rolling hedging program with a chartered Canadian bank through which it
reduces its U.S. dollar exposure by entering into foreign exchange
forward contracts. As of September 30, 2011, the Company had foreign
exchange forward contracts outstanding to sell $16.9 million U.S.
dollars and to buy Canadian dollars at an average exchange rate of CAD
$1.0242. In addition, the Company's significant U.S. dollar purchases
of raw materials and outside services provide a partial offset in its
U.S. dollar exposure.

Financial Highlights

The following summary of financial data presents General Donlee's
consolidated results of operations for the three-and nine month periods
ended September 30, 2011, including comparative results for the same
periods in 2010.

($ millions, except Share/Unit and per Share/Unit amounts, unaudited)	Three Months Ended		Nine Months Ended
	Sept. 30/11	Sept. 30/10	Sept. 30/11	Sept. 30/10
Operations
Sales	12.6	10.0	37.1	30.4
Gross profit	3.0	2.4	8.6	7.3
Net income	0.5	1.4	2.9	1.5
Basic income per share/Unit^(a)	$0.044	$0.132	$0.276	$0.145

(a)Based on weighted average of 10,664,634 shares/Units outstanding.

General Donlee delivered sales of $37.1 million in the first nine months
of 2011 - an increase of $6.7 million, or 22%, over its sales in the
same period in 2010. Sales in the Company's aerospace and power
generation products division during the first nine month period ended
September 30, 2011 were $23.2 million - up by 27%, or $5.0 million,
over the comparable period in 2010. General Donlee's industrial
products division's sales during the same period were $13.9 million, an
increase of $1.7 million or 14% over the same period last year.

The Company's net income during the nine months ended September 30, 2011
was $2.9 million, compared to net income of $1.5 million during the
same period in the previous year. This increase in profitability
reflected:

Stronger gross profit levels resulting from improved sales, net of the
negative impact of a rising Canadian dollar

An accounting gain of $0.7 million on pension curtailment.

Outlook

The continuing growth in General Donlee's sales volumes during the first
nine months of 2011 reflects increasing demand within the industries
the Company serves, and General Donlee's ability to remain a supplier
of choice for many customers thanks to the expertise of its employees,
its continuous improvements in operational effectiveness, and a
commitment to invest in production capacity. "We are seeing an overall
increase in business activity. In addition to benefiting from robust
fundamentals tied to growing global demand for aerospace products, we
are noting strong traction with customers in the oil and gas and
industrial products sectors," said Interim Chief Executive Officer and
Chief Financial Officer, Garen Mikirditsian.

The Company's strong operating performance is also a result of its focus
on continuously improving its operations, and an emphasis on achieving
increasing integration between its two operating divisions. "Through
further integration, we are able to optimize capacity utilization,
share best practices and serve our customers better, " said Mr.
Mikirditsian. "Furthermore, increased sharing of resources allows us to
achieve cost synergies which result in improved profitability for our
business," added Mr. Mikirditsian.

Company Profile

General Donlee Canada Inc. is a leading diversified manufacturer of
precision-machined products for the military, commercial and general
aerospace industries, and a specialist in the manufacture of
precision-machined products for the industrial products and power
generation industries. General Donlee's operating strategy focuses on
targeting niche markets for products that are aligned with its
sophisticated manufacturing capabilities and skilled workforce.

SEDAR Filings

On November 7, 2011 the Corporation will file its interim Consolidated
Financial Statements (including the notes thereto) and Management's
Discussion and Analysis for the third quarter ended September 30, 2011
with SEDAR at www.sedar.com. These documents will also be available on the company's website at www.generaldonlee.com on the Financial Reports page.

Forward-Looking Information

As with all forward-looking statements, caution must be exercised to
ensure that appropriate interpretation is made. Certain forward-looking
statements are based on information currently available to Management,
but are subject to a number of uncertainties and risks that could cause
actual results to differ materially from the results discussed in the
forward-looking statements. These uncertainties and risks include, but
are not limited to those listed under the "Risk Factors" section of the
Corporation's 2010 Annual Information Form, dated March 25, 2011 (which
can be found at www.sedar.com).

For further information:

Garen Mikirditsian
Interim Chief Executive Officer
Chief Financial Officer
Telephone:(416) 743-4417
E-mail:info@generaldonlee.com
Web site:www.generaldonlee.com

Canada Dividend Investor

Wednesday, November 14, 2012

GDI - General Donlee Canada Inc. Reports Third Quarter Results and Strong Backlog; Declares Quarterly Dividend of 8.25 Cents per Share (CAD 0.0825)

Tuesday, August 7, 2012

GDI - <span class="din">General Donlee Canada Inc. Reports Record Backlog and Strong Second Quarter Results; Declares Quarterly Dividend of 8.25 Cents per Share</span> (CAD 0.0825)

Thursday, May 3, 2012

GDI - <span class="simulate_din_font">General Donlee Canada Inc. Reports Strong First Quarter Results and Declares Quarterly Dividend of 8.25 Cents per Share</span> (CAD 0.0825)

Wednesday, May 2, 2012

GDI - <span class="simulate_din_font">General Donlee Canada Inc. Reports Strong First Quarter Results and Declares Quarterly Dividend of 8.25 Cents per Share</span> (CAD 0.0825)

Friday, March 9, 2012

GDI - <span class="simulate_din_font">General Donlee Canada Inc. Reports Fourth Quarter and Year End December 31, 2011 Results and Declares Quarterly Dividend of 8.25 Cents per Share</span> (CAD 0.0825)

Thursday, March 8, 2012

GDI - <span class="simulate_din_font">General Donlee Canada Inc. Reports Fourth Quarter and Year End December 31, 2011 Results and Declares Quarterly Dividend of 8.25 Cents per Share</span> (CAD 0.0825)

Monday, November 7, 2011

GDI - <span class="simulate_din_font">General Donlee Canada Inc. Reports Third Quarter Results and Declares Quarterly Dividend of $0.0825 per Share</span> (CAD 0.0825)