Trading Symbol: PIH
VANCOUVER, Sept. 28, 2011 /CNW/ - Pacific Insight Electronics Corp.
today announced the results for the fourth quarter and year ended June
30, 2011. Sales for the fourth quarter ended June 30, 2011 were $8.465
million, an increase of 4% from $8.116 million for the comparative
quarter ended June 30, 2010. Sales for the year ended June 30, 2011
were $32.783 million, an increase of 12% from $29.191 million for the
comparative period ending June 30, 2011. Fourth quarter results
reported a net loss of $19,000 or 0¢ per share compared with net income
of $316,000 or 6¢ per share in the prior year fourth quarter. The net
income for fiscal year 2011 was $163,000 or 3¢ per share compared with
net income of $531,000 or 9¢ per share in the prior year.
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
June 30, 2011 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.
SOURCE Pacific Insight Electronics Corp.
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