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Clemex Technologies Inc $0.255 (CXG.A:TSX-V)

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By Yaser

Posted: Tuesday Dec 6 8:46:10AM 2005

Clemex Technologies Inc $0.255 (CXG.A:TSX-V) develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories. On December 6, 2004, Clemex Announces Second Quarter Results for 2006 - Increases sales by 42%. Second quarterly earnings for 2006 was $0.01 EPS up from ($0.00) the previous year. For the second quarter of FY 2006, sales increased by 42% to reach $1,490,280 when compared to $1,052,014 for the same period in FY 2005. The Corporation posted a net profit of $147,458 for Q2 2006 while it had a net loss of $57,444 in 2005. For the first six months of the Fiscal Year 2006, the Corporation posts an increase in sales of 33% over the same period last year. Gross Margin remained stable at 59% and Net Profit increased over the first six months of last year reaching $360,823 while it showed a Net Loss of $2,927 for the same period last year.

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