For fiscal year ended May 31, 2009 PARTA stabilizes its revenues and
increases its EBITDA
"Despite the very difficult economic period, PARTA has succeeded, for its fiscal year 2009, to stabilize its revenues to
Also to be noted, PARTA increased its 2009 EBITDA to
Summary for fiscal year ended May 31, 2009:
------------------------------------------------------------------------- For fiscal year ended : May 31, 2009 May 31, 2008 ------------------------------------------------------------------------- Revenues 849,352 880,564 ------------------------------------------------------------------------- Gross profit 133,361 226,089 ------------------------------------------------------------------------- Net loss (92,757) (224,119) ------------------------------------------------------------------------- Basic and diluted earnings per share (0.02) (0.07) ------------------------------------------------------------------------- EBITDA 74,089 (22,649) ------------------------------------------------------------------------- % EBITDA on sales 8.7 (2.6) ------------------------------------------------------------------------- Adjusted EBITDA 85,471 (22,649) ------------------------------------------------------------------------- Total assets 1,728,180 1,062,446 ------------------------------------------------------------------------- Long term financial liabilities 78,840 110,960 -------------------------------------------------------------------------
About PARTA Sustainable Solutions Inc. (www.partaworld.com)
PARTA Sustainable Solutions Inc. develops and produces services and innovative technologies which permit organizations to establish real exchanges on sustainable development between their internal and external stakeholders. To make this happen, PARTA benefits from established expertise in communications, training and new media on an international level.
(The TSX Venture Exchange assumes no responsibility for the information or accuracy of this press release)
For further information: Paul Allard, CEO, PARTA Sustainable Solutions Inc., (514) 277-1201 ext. 35, [email protected]
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