Business
Omni-Lite Industries reports results for the second quarter of 2013
OML-TSX VENTURE CERRITOS, CA, Aug. 22, 2013 /CNW/ - For the six months ended June ...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Aug. 22, 2013 /CNW/ - For the six months ended June 30,\n 2013 Omni-Lite Industries Canada Inc. is pleased to report revenue of\n $2,451,253 US ($2,577,492 CAD) and Cash Flow from Operations(1) of $423,704 US ($445,524 CAD).  Net income was $75,650 US ($79,545\n CAD).  Earnings per share in the first six months of 2013 were $0.01 US\n ($0.01 CAD), based on the weighted average number of shares outstanding\n of 12,243,408.\n\n\nSUMMARY OF SIX MONTH FINANCIAL HIGHLIGHTS (US $)\n\n\nWeighted Average Shares Issued And Outstanding: 12,243,408\n\n\nFor the periodended June 30, 2013\n\n\nFor the periodended June 30, 2012\n\n\n%Increase(Decrease)\n\n\nRevenue\n\n\n$2,451,253\n\n\n$2,754,468\n\n\n(11%)\n\n\nCash flow from operations(1)\n\n423,704\n\n\n636,761\n\n\n(33%)\n\n\nNet Income\n\n\n75,650\n\n\n243,446\n\n\n(69%)\n\n\nEPS (US)\n\n\n0.01\n\n\n0.02\n\n\n(50%)\n\n\nEPS (CAD)\n\n\n0.01\n\n\n0.02\n\n\n(50%)\n\n\n(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)\n\n\nRevenue in the three month period ended June 30, 2013 was $1,395,314 US\n ($1,467,172 CAD).   Cash flow from operations(1) over the same period was $342,092 US ($359,709 CAD).  EBITDA over the\n period was $329,772 US ($346,755 CAD).  Net income in the second\n quarter was $136,479 US. ($143,507 CAD).  Earnings per share in Q2 2012\n were $0.01 US ($0.01 CAD), based on the weighted average number of\n shares outstanding of 12,228,208.\n\n\nSUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)\n\n\nWeighted Average Shares Issued And Outstanding: 12,228,208\n\n\nFor the three monthsended June 30, 2013\n\n\nFor the three monthsended June 30, 2012\n\n\n%Increase(Decrease)\n\n\nRevenue\n\n\n1,395,314\n\n\n1,386,824\n\n\n0.6%\n\n\nCash flow from operations(1)\n\n342,092\n\n\n313,234\n\n\n9%\n\n\nNet Income \n\n\n136,479\n\n\n179,903\n\n\n(24%)\n\n\nEPS (US)    \n\n\n0.011\n\n\n0.014\n\n\n(21%)\n\n\nEPS (CAD)\n\n\n0.012\n\n\n0.014\n\n\n(14%)\n\n\n(Note: at 06/30/13, $1US = $1.0515 CAD; 6/30/12, $1US = $1.0248 CAD)\n\n\nQuarterly Information\n\n\nThe following table summarizes the Company's financial performance over\n the last eight quarters.\n\n\n \n\n\nJun\n30/2013\n\n\nMar\n31/2013\n\n\nDec\n31/2012\n\n\nSep\n30/2012\n\n\nJun\n30/2012\n\n\nMar\n31/2012\n\n\...