MONTREAL, June 13 /CNW Telbec/ - Dectron Internationale, Inc. (TSX: DTL),
a leader in the heating, ventilation and air conditioning, indoor air security
and water generation markets, announced today its financial results for the
first quarter ended April 30, 2008.
Revenues for the three months ended April 30, 2008 were $11.6 million, a
$5.8 million (33.6%) decrease over the prior year's first quarter revenues of
$17.4 million. The drop is due to much weaker demand for pool units in the
U.S. and greater competition in the refrigeration market in Canada.
Gross profit decreased by $2.1 million to $2.6 million from $4.7 million
in the same period last year. As a percentage of revenues, gross profit margin
was at 22.1% a decrease from the prior year's gross profit margin of 27.0%.
The gross profit margin was adversely affected by the lower sales activity as
well as by aggressive pricing strategies.
Selling expenses decreased by $0.6 million to $1.3 million in the three
months ended April 30, 2008 compared to $1.9 million for the period ended
April 30, 2007. As a percentage of revenues, selling expenses decreased to
10.9% from 11.2%. General and administrative expenses decreased by $70,000
(5.5%) to $1.2 million from $1.3 million for the period ended April 30, 2007.
As a percentage of revenues, general and administrative expenses increased to
10.3% from 7.3%.
Depreciation and amortization expenses decreased to $301,000 in the three
months ending April 30, 2008 compared to $322,000 last year. Financial
expenses decreased $113,000 to $236,000 from $349,000 because of lower average
debt levels and lower interest rates.
The net loss for the three months period ending April 30, 2008 was
$300,000 (or $0.10 per share) compared to net earnings of $555,000 (or
$0.18 per share) in the corresponding period last year.
This release contains forward-looking statements. These statements
involve a number of risks and uncertainties and actual results could differ
materially from those projected. These forward-looking statements regarding
future events and the future results of Dectron Internationale Inc. are based
on current expectations, estimates, forecasts, and projections about the
markets in which we operate and the beliefs and assumptions of our management.
Words such as "expects," "anticipates," "targets," "goals," "projects,"
"intends," "plans," "believes," "seeks," "estimates," variations of such
words, and similar expressions are intended to identify such forward-looking
statements. In addition, any statements that refer to projections of our
future financial performance, our anticipated growth and trends, and other
characterizations of future events or circumstances, are forward-looking
statements. Readers are cautioned that these forward-looking statements are
only predictions and are subject to risks, uncertainties, and assumptions.
Therefore, actual results may differ materially and adversely from those
expressed in any forward-looking statements. Readers are referred to the
cautionary statements and important factors discussed in our Annual
Information Form for the year ended January 31, 2007 for further information.
We undertake no obligation to revise or update publicly any forward-looking
statements for any reason, except as required by law.
Dectron Internationale, Inc. is a global provider of custom and
semi-custom IAQ (indoor air quality) and HVAC-R (heating, ventilation and air
conditioning and refrigeration) products and services to the building systems,
food processing, medical, petrochemical, and various industrial and commercial
markets. Established in Montreal, the Company has 430 employees in its
manufacturing facilities. Its shares are listed on the TSX (DTL).
For further information:
For further information: Dectron Internationale Inc.: Glenn La Rusic,
Chief Financial Officer, firstname.lastname@example.org; www.dectron.com; Renmark
Financial Communications: Dan Symons, email@example.com; Henri
Perron, firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717;