Friday, 16 November 2012

CEMATRIX Releases Q3 Financials - Sales Pushing Into 2013

CEMATRIX Corporation
CVX - TSX Venture
Shares issued: 33.4 million
Fully diluted: 37.4 million
Although the third quarter and nine month periods were down from the same periods in 2011, CEMATRIX is still projecting $8.7 million in sales for this year compared to the $7.8 million recorded last year.

CEMATRIX was on course to achieve much higher revenues this year; however a significant project was pushed into the latter part of 2013. That job and a smaller project that have been moved to 2013 pushed out $2.4 million that was projected for this year’s top line. The Company currently has $3 million in business booked for next year.

CEMATRIX reported $2.4 million in sales and operating income of $262 thousand for Q3/12 compared to the $3.4 million in sales and $777 thousand of operating income in Q3 last year. 

Nine month revenues were $5.6 million and negative income of $67 thousand compared to the same period last year that saw just over $6 million of sales and $621 thousand of operating income.

To view the news release, please click here.......