Monday, 18 March 2013

CEMATRIX Pours Record Year In 2012

CEMATRIX Corporation
CVX - TSX Venture
Shares issued: 33.4 million
Fully diluted: 36.7 million

CEMATRIX today reported its best year on record with 2012 sales of $8.5 million and $857 in net earnings or 2.5 cents per share.  The company signed $12.4 million in contracts last year with $3.9 million being carried into this year.
A large part of the company’s efforts to diversify its business post-2008  paid dividends, as 70% of sales are now infrastructure related, with 30% from the energy sector.

CEMATRIX is projecting 2013 sales will be in the range of $10 million.

Contributing to 2012 earnings was a non-cash deferred tax recovery of $700 thousand to reflect expectations that future profitability will allow CVX to use certain tax loss carry forwards.
The company also closed the year in fine fashion, as Q4/2012 saw sales of $2.94 million and operating income of $357 thousand versus Q4/2011 with $1.17 million in sales and just over twelve hundred dollars in operating income.