Inventronics Announces 2011 Q2 Financial Results

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[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Aug. 18, 2011 /CNW/ - Inventronics Limited (\"Inventronics\" or\n the \"Corporation\") (IVX:TSX Venture), a designer and manufacturer of\n custom enclosures for the telecommunications, electric transmission,\n cable television and other industries in North America, today announced\n its unaudited 2011 second quarter financial results.\n\n\nFor the three months ended June 30, 2011, Inventronics reported net\n earnings of $63,000, or 1.4 cents per share, on sales of $1,564,000\n compared to a net loss of $337,000, or 7.7 cents per share, on sales of\n $993,000, for the second quarter of 2010.  For the six months ended\n June 30, 2011, Inventronics reported a net loss of $46,000, or 1.1\n cents per share, on sales of $2,726,000 compared to a net loss of\n $451,000, or 10.2 cents per share, on sales of $2,553,000, for the six\n months ended June 30, 2010.\n\n\n\n\n\nSelected Financial Information\n\n \n \n \n \n\n \n\n \n\n \n\n\n \n\n\n \n\n \n \n \n\n \n\n\nIncome Statement Highlights(in thousands of dollars, except per share amounts)\n\n \n \n\nThree Months Ended\n\n \n \n\nSix Months Ended\n\n\n \n\n \n \n\nJune 302011\n\n\nJune 302010\n\n \n \n\nJune 302011\n\n\nJune 302010\n\n\nSales\n\n \n \n\n1,564\n\n\n993\n\n \n \n\n2,726\n\n\n2,553\n\n\nEBITDA\n\n \n \n\n248\n\n\n(143)\n\n \n \n\n326\n\n\n(61)\n\n\nNet earnings (loss)\n\n \n \n\n63\n\n\n(337)\n\n \n \n\n(46)\n\n\n(451)\n\n\nBasis loss per share\n\n \n \n\n1.4¢\n\n\n(7.7)¢\n\n \n \n\n(1.1)¢\n\n\n(10.2)¢\n\n\n\n\n\nBalance Sheet Highlights(in thousands of dollars)\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n \n\n\n \n\n\n \n\n\n \n\n\nAs at\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\nJune 302011\n\n\n \n\n\n \n\n\nDecember 312010\n\n\nWorking capital\n\n \n \n \n \n \n \n \n&#xA...

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