Trading Symbol: PIH
VANCOUVER, Feb. 14 /CNW/ - (TSX: PIH) - Sales for the second quarter
ended December 31, 2010 were $8.12 million, an increase of 9% from
$7.41 million for the comparative quarter ended December 31, 2009.
Sales for the six months ended December 31, 2010 were $16.01 million,
an increase of 23% over the comparative 6 month period ending December
31, 2009. Second quarter results reported a net loss of $166,000 or
3cents per share compared with net income of $23,000 or 0cents per
share in the prior year second quarter. Year to date results for the
six months ending December 31, 2010 reported a loss of $39,000 or
1cents per share compared with a loss of $110,000 or 2cents per share
in the prior year six month period ending December 31, 2009.
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 December
31, 2010 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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