Sales increase of 12,9%
MONTREAL,
Aug. 27, 2012 /CNW Telbec/ - Clemex
Technologies Inc. (TSXV: CXG.A) announces its financial results for
Fiscal Year ending April
30th, 2012. The Corporation ends this Fiscal Year
with a sales increase of 12.9% from $5,3
M in 2011 to $5,9 M in 2012.
The most significant increase came from North America this last fiscal year with an
increase of 36.4%. Net result for 2012 is $43,467 while it was $320,497 in 2011.
When asked to comment these results, the
President and CEO, Clement Forget
declared the following: "Along with the regain of activity in the
manufacturing sector last year, sales increase which had begun in
2010, have continued their increase over the last fiscal year. The
highest growth was in North
America despite the slowest than expected sales activity for
the Leica line of products in Eastern
Canada. Of all the geographic area covered by the Company,
only the international market showed a decline in this past fiscal
year. While European sales were fairly stable during this past
year, sales in other countries saw a sharp drop, especially in
Asia, where the economic growth
has slowed down over the last quarters of the year."
Mr. Forget continued: "We have pursued our
marketing activities with the development of a new website and
other various internal management tools. The Company participated
at several important tradeshows. The research and development team
devoted most of their time to the Haematology project while
continuing the development of other projects of lesser scope. The
first instruments for Haematology application will be
implemented in laboratories this coming fall."
| Financial Highlights |
|
|
|
| Fiscal year ended |
April 30th, 2012 |
|
April 30th, 2011 |
| |
$ |
|
$ |
| Sales |
5, 939,016 |
|
5,259,165 |
| Gross Margin |
3, 159,697 |
|
3,134,845 |
| |
53.2 % |
|
59.6 % |
| Total Operating Expenses |
3,116,230 |
|
2, 814,348 |
| Net Earnings & Comprehensive
Income |
43,467 |
|
320,497 |
| Earnings per share |
0.002 |
|
0.015 |
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 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.
SOURCE CLEMEX TECHNOLOGIES INC.