Business
Inventronics Announces 2005 Q3 Results
Inventronics Announces 2005 Q3 Results.
About this update from Inventronics Limited
[{"type":"text","content":"\n\n\n\n\nSales and Profit Growth Continues\n\nCALGARY, Nov. 3 /CNW/ - Inventronics Limited (IVT:TSXV), a designer and\nmanufacturer of custom metal enclosures for the communications, electronics\nand other industries in North America, today announced its 2005 third-quarter\nfinancial results.\nSales were $4,396,000 in the third quarter of 2005, an increase of 19%\nover the third quarter sales of $3,695,000 in 2004. The increase in sales is\nreflective of growing sales outside the communications market, as well as\ngrowing activity in the telecom sector.\nNet earnings for the quarter were $137,000 (1 cents per share) compared\nto the net loss of $267,000 (4 cents per share) in the same period last year,\nand EBITDA rose from $188,000 in the third quarter last year to $406,000 this\nyear.\n\"Sales and profits are continuing to grow,\" said Dan Stearne,\nInventronics' President and CEO. \"We are clearly seeing the communications\nsector recover after three difficult years. Our existing customers are\nannouncing and executing larger capital budgets. Additionally, our sales and\nmarketing program, particularly in Alberta, is producing new business in\ndiverse markets.\"\n\nAbout Inventronics\n\nInventronics Limited designs and manufactures custom enclosures and other\nproducts for an array of customers in the telecommunications, electronics,\ntraffic controls, electric utilities and computer services industries in North\nAmerica. Inventronics' enclosures are sophisticated products that function as\npermanent packaging to address a variety of customer concerns including\nsecurity, protection from the outside environment, ventilation and thermal\nmanagement, noise abatement, aesthetics and styling, electromagnetic\ncompatibility and component integration. The Corporation owns its \nISO 9001-registered production facility in Brandon, Manitoba, and has sales\nand corporate offices in Calgary, Alberta.\nShares of Inventronics trade on the TSX Venture Exchange under the symbol\n\"IVT.\" For more information about the Corporation, its products and its\nservices, go to www.inventronics.com.\nInventronics' 2005 third-quarter results will be filed with SEDAR at\nwww.sedar.com by November 29, 2005.\n\n>\n\n\n","length":3314,"tagName":"div"}]