Business
Inventronics Announces 2010 Q1 Results
Inventronics Announces 2010 Q1 Results
About this update from Inventronics Limited
[{"type":"text","content":"\n\n\n\n May 27, 2010 (Canada NewsWire Group) -- Inventronics Limited (IVX:TSX Venture), a designer and manufacturer of custom enclosures for the telecommunications, electric transmission, cable television and other industries in North America, today announced its unaudited 2010 first quarter financial results.\nFor the three months ended March 31, 2010, Inventronics reported a net loss of $114,000, or 2.6 cents per share, on sales of $1,560,000 compared to net earnings of $57,000, or 1.3 cents per share, on sales of $2,885,000 for the first quarter of 2009. Inventronics did not incur any reorganization expenses in 2010 while it charged $98,000 against income during the first quarter of 2009.\n\n\n >\n\n\nAbout Inventronics\n\nInventronics Limited designs and manufactures custom enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, electronics and computer services industries in North America. The Corporation owns its ISO 9001-registered production facility in Brandon, Manitoba and maintains a corporate office in Calgary, Alberta.\nShares of Inventronics trade on the TSX Venture Exchange under the symbol "IVX." For more information about the Corporation, its products and its services, go to www.inventronics.com.\n\nDisclaimer\n\nThis news release contains forward looking information that represents the Corporation's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or the Corporation's future economic performance. These statements relate to future events or future performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to the production performance of Inventronics' assets, the cost and competition throughout the telecommunications industry, and the continuation of the current regulatory and tax regimes in the jurisdictions in which the C...