Pacific Insight Electronics Corp. announces annual results
Trading Symbol: PIH
NELSON, BC, Sept. 28 /CNW/ - Pacific Insight Electronics Corp. today announced the results of its financial year ended June 30, 2010. Sales for the year ended June 30, 2010 were $29.19 million, an increase of 20% from $24.24 million for the comparative 2009 year. The net income for fiscal year 2010 was $531,000 or 9 cents per share compared with a loss of $497,000 or 8 cents per share in the prior year.
The following chart provides an overview of key financial results: ------------------------------------------------------------------ ------------------------------------------------------------------------- For the three months ended For the year ended (in thousands of June 30 June 30 Canadian $) --------------------------------------------- except EPS 2010 2009 2010 2009 ------------------------------------------------------------------------- Sales $8,116 $4,924 $29,191 $24,240 ------------------------------------------------------------------------- Net earnings (loss) $316 ($30) $531 ($497) ------------------------------------------------------------------------- EPS fully diluted 6 cents (1 cent) 9 cents (8 cents) -------------------------------------------------------------------------
Pacific Insight Electronics Corp. (PI) designs, manufactures and delivers electronic products and full service solutions to the heavy truck, automotive and specialty markets. PI designs and distributes its products and services to original equipment manufacturers and distributors in the United States and Canada.
The information in this news release was prepared in accordance with Canadian generally accepted accounting principles. To view the full 2010 Annual Audited Financial Statements and Management Discussion & Analysis please visit www.pacificinsight.com or www.SEDAR.com.
THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT THE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. MANAGEMENT ACCEPTS FULL RESPONSIBILITY FOR THE INFORMATION CONTAINED HEREIN.
For further information: Email enquiries may be sent directly to [email protected] or via telephone: 1-800-995-1155
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