CEMATRIX
Corporation
CVX - TSX Venture
Shares issued: 33.4 million
Fully diluted: 37.4 million
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In the view of
management, CEMATRIX is looking to “cement” its best year yet in both sales and
profitability. The strong Q2 numbers released today indicate CVX’s pursuit of
meeting that objective.
The cellular
concrete company did just over $2.9 million in sales in Q2 which was up 59% from
the $1.8 million in the same period last year. It recorded $335,444 in earnings
or approximately a penny a share based on 33.4 million shares issued.
Revenues for the
first six months of the year were $3.238 million versus $2.656 in the first
half of 2011. The traditionally weak Q1 due to the seasonality of the
construction industry in Canada resulted in a loss in the half of $329 thousand
compared to $156 thousand, first half last year.
Approximately
78% of revenues came from the infrastructure sector and the remaining from oil
and gas projects.
CEMATRIX currently
has $6.4 million of sales contracted for projects to be completed this year
with the majority of that number coming in the current Q3.
To read the news
release, click here.......
