Trading Symbol: PIH
VANCOUVER, May 12 /CNW/ - Sales for the third quarter ended March 31,
2011 were $8.305 million, an increase of 4% from $8.019 million for the
comparative quarter ended March 31, 2010. Sales for the nine months
ended March 31, 2011 were $24.318 million, an increase of 15% from
$21.075 million for the comparative 9 month period ending March 31,
2010. Third quarter results reported net income of $219,079 or 4 ¢ per
share compared with net income of $324,087 or 5 ¢ per share in the
prior year third quarter. Year to date results for the nine months
ending March 31, 2011 reported net income of $180,127 or 3 ¢ per share
compared with net income of $214,383 or 3 ¢ per share in the prior year
nine month period ending March 31, 2010.
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 March
31, 2011 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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