Pacific Insight Electronics Corp. announces annual results
Trading Symbol: PIH
NELSON, BC,
Pacific Insight's 2009 fiscal year was not immune from the current global economic downturn. However, conservative growth and capital management strategies have provided the Company a solid and debt-free balance sheet. The steps taken over the past 18 months have prepared the Company to continue on a strong financial footing.
The following chart provides an overview of key financial results:
------------------------------------------------------------------------- For the three months For the year All figures in ended June 30 ended June 30 Canadian dollars -------------------------------------------------- 2009 2008 2009 2008 ------------------------------------------------------------------------- Sales $4,923,565 $8,400,358 $24,240,455 $29,338,532 ------------------------------------------------------------------------- Net earnings (loss) ($30,063) $121,380 ($496,568) ($589,717) ------------------------------------------------------------------------- EPS fully diluted (1cents) 2cents (8cents) (10cents) -------------------------------------------------------------------------
Pacific Insight provides leadership, planning, design and manufacture of innovative electronic solutions for the transportation industry. PI designs and distributes its products and services to original equipment manufacturers and distributors in the
To view the full 2009 Annual Audited Financial Statements and Management Discussion & Analysis please visit www.pacificinsight.com or www.SEDAR.com. Email enquiries may be sent directly to [email protected] or via telephone: 1-800-995-1155.
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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