Ergoresearch Ltd Reports Record Sales for a Third Quarter
(firmenpresse) - LAVAL, QEBEC -- (Marketwire) -- 05/30/12 -- (TSX VENTURE: ERG)
During its third quarter, Ergoresearch also...
Today Ergoresearch Ltd ("Ergoresearch" or "the Corporation") continues to forge ahead, announcing record sales for the third quarter ending March 31. Sales show an 8.1% increase and reach $1 946 218, compared to $1 804 194 last year over the same period. Sales during the first 9 months totaled $5 807 515 - an 11.1% increase compared to 2011. Net income before taxes rose to $58 371 for the current quarter, while net profit before taxes totaled $472 762 since the beginning of the fiscal year.
In the quarter ending March 31 2012, Ergoresearch's cash on hand and short term investments amounted to over two million dollars. Cash assets will be useful for future expansion projects, such an acquisition in the Corporation's field of activity and the launch of new Clinique du Pied Equilibre banners.
"We are satisfied with the results in this third quarter. The Corporation is diligently proceeding with research activities on the human musculoskeletal system and knee osteoarthritis, while setting the groundwork for future growth with much enthusiasm" states Sylvain Boucher, CEO of Ergoresearch. "The efforts deployed by our employees, officers and directors converge around common objectives and allow the Corporation to aim for the highest pinnacles."
About Ergoresearch
Since 2005, has developed Quebec's leading network of orthotics clinics, with over 60 corporate and satellite centres under the and banners. The leading manufacturer of 'intelligent' and specialty foot orthotics, it is a trend-setter in creating durable medical equipment and software for the orthopedics market. Ergoresearch was the first to develop and market an autocorrecting podo-barometric pad that relies on two distinct software programs to ensure the quality and performance of the orthotics that it produces. The company is involved in a number of research projects with institutions such as Universite Laval and College Merici's Centre de solutions technologiques en ortheses et protheses (CSTOP), in Quebec City. Ergoresearch Ltd is listed on the Toronto Stock Exchange (TSX-V) under the TSX-V Symbol: ERG.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Source:
Sylvain Boucher
President & CEO
Ergoresearch Ltd
450-973-6700 ext. 213
Information:
Isabelle Vallee
Director - Communications and Public Relations
Ergoresearch Ltd
450-973-6700, x 233 / Cell: 514-377-0485
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Datum: 30.05.2012 - 14:18 Uhr
Sprache: Deutsch
News-ID 1119403
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