Thursday, 15 August 2013

CEMATRIX Reports Six Month Sales & Earnings Records; Plus $1.1 Million In Additional Contracts

CEMATRIX Corporation
CVX – TSX Venture
Shares Issued: 33.4 million
Fully Diluted: 36.7 million *******************************

Earlier today, CEMATRIX announced that it set new sales and earnings records for the first half of 2013. 
Overall for the second quarter, which ended on June 30, 2013, the company registered just over $2.79 million in sales, and for the first half of the year it generated just over $4.78 million. This is up 47% from last year’s six month total of $3.23 million.
Also, CEMATRIX reported second quarter earnings of $101,110 which, when reduced by the first quarter's loss of $5,255, results in record profits for the first six months of $95,855. 
In the news release, the company attributes both the record sales and profits to a significant increase in off season infrastructure work, mainly in southwestern Ontario.
Additionally, CEMATRIX has confirmed $1.1 million of new sales orders, bringing the total amount of contracted work scheduled in 2013 to $6.4 million.
While it has numerous bids out on a number of projects, management, of course, is hopeful it will score a sufficient number to make for a record year. 
To view the news release, please click here...