Clemex Discloses Second Quarter Results
13 December 2011 - 7:51PM
PR Newswire (Canada)
23,5% increase in sales Symbol: CXG.A-CDNX www.clemex.com
Shares Outstanding: 23,999,810 MONTREAL, Dec. 13, 2011 /CNW
Telbec/ - Clemex Technologies Inc. , announces its results for this
second quarter of FY2012 ending October 31(st), 2011. For this
second quarter, sales reached $1,414,314 an increase of $269,408 or
23.5% compared to the same period last year. The Corporation ends
this quarter with a Net Profit of $12,004 compared to a Net Profit
of $25,586 posted last year. After 6 months, the Company has
accumulated a net loss of $34,243 compared to a Net Profit of
$76,618 last year. During this last Quarter, the Company's
Microhardness testers continued to enjoy great success as 6 systems
were sold in the last three months in the United States to; IBC
Materials (IN), Eaton Corp (MI), Linamar (CA), Toyota Racing Team
(CA) and two other systems in Ohio. Other important sales for
this quarter include PSFilter systems which were sold to Filtration
Technologies in Texas, USA, and to Hydraforce in China, a third
Clemex systems for this client. FINANCIAL HIGHLIGHTS Quarter
Semester Fiscal Years 2012 2011(1) 2012 2011(1) $ $ $ $ Sales
1,414,314 1,144,906 2,655,142 2,161,761 Gross Margin 761,339
692,384 1,429,510 1,320,496 Gross Margin % 53.8% 60.5% 53.8% 61.1%
Total Operating Expenses 712,335 631,798 1,398,753 1,175,878 Income
Taxes 37,000 35,000 65,000 68,000 Net Profit(Loss) 12,004 25,586
(34,243) 76,618 Net Profit(Loss) per share 0.001 0.001 (0.002)
0.004 ((1)) Figures for 2011 have been restated to conform to IFRS.
Clement Forget, President and CEO of Clemex Technologies Inc.
declared: "Our sales for this quarter are substantially higher than
they were for the same period last year, in accordance with the
increase of activity in the manufacturing sector, and more
precisely the automobile industry. We are particularly pleased of
the enthusiastic interest for our Microhardness tester in the
United States. Sales for other systems such as PSFilter are also on
the rise and our order book is well ahead as compared to the same
date last year. He continued "Our operating expenses are also on
the rise this year and is mostly related to the increase in
marketing and commercial expenses of $ 46,000 when compared to last
year. The distribution activities for LEICA products are slower
than we had anticipated even if it keeps progressing every month."
About Clemex Technologies, Inc. Clemex Technologies Inc. develops,
manufactures and markets image analysis systems and software used
by quality control and research microscopy
laboratories. Clemex's customer base spans over many countries
in America, Europe, Asia and encompasses major Research and
Development Centers, prestigious Universities and large
manufacturing industries in various fields including healthcare,
automotive, aerospace, raw materials manufacturing,
pharmaceuticals, mining and other sectors. The CDNX has not
reviewed and does not accept responsibility for the adequacy and
accuracy of this press release. CLEMEX TECHNOLOGIES INC.
CONTACT: CLEMEX TECHNOLOGIES INC, 800 Guimond,Longueuil, QC, Canada
J4G 1T5,Contact:Clément Forget,President and CEOTel:
450.651.6573Email: ir@clemex.com
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