DECT Dectron International (MM)

Dectron Internationale reports higher net earnings in its first quarter of operations SYMBOL: NASDAQ: DECT Shares Outstanding: 2,973,750 MONTREAL, June 14 /PRNewswire-FirstCall/ -- Dectron Internationale (NASDAQ:DECT) announced today the release of the results for the first quarter of Fiscal 2005. The Company reported consolidated net Earnings Per Share of $0.04 versus $0.02 for the same period last year. Consolidated Revenues for the first quarter increased by 5.98%, from $9,651,852 for Fiscal 2004 to $10,299,096 for Fiscal 2005. The increase was due primarily to a stronger presence in the market for indoor pool dehumidification and commercial refrigeration products and related services. Cost of Goods Sold increased by 13.16% as a result of the increased costs of raw materials and aggressive pricing in the commercial IAQ market segment. Operating Expenses rose by 13% from $2,395,333 in Fiscal 2004 to $2,707,891 in Fiscal 2005, mainly the result of increased financial expenses arising from foreign exchange fluctuations. Mauro Parissi, CFO stated, "The results of our current consolidation plans and increased revenues in this quarter have resulted in stronger earnings per share." He further noted that, "Improvements have led to a more focused management of our operating cash flow, which increased substantially for the period under discussion." Dectron Internationale is a global provider of Custom and Semi-Custom IAQ (Indoor Air Quality) and HVAC (Heating, Ventilation & Air Conditioning) products and services to the Building Systems, Food Processing, Medical, Petrochemical, and various industrial and commercial markets. Dectron Internationale's core businesses are conducted by its five principal subsidiaries: Dectron Inc., RefPlus Inc., Circul-Aire Inc., Thermoplus Air Inc. and International Water Makers Inc. Dectron, Circul-Aire and Thermoplus Air serve customers in commercial and residential buildings, through a network of manufacturers' representatives and dealers. Industrial facilities and OEM clients also form the customer base of these business units. RefPlus manufactures and supplies commercial refrigeration through a network of wholesalers and dealers in Canada and USA. International Water Makers' proprietary water-generation-from-air system manufactures products for industrial processes, and military and commercial applications. DATASOURCE: DECTRON INTERNATIONALE INC. CONTACT: Product, Brian Monk, V.P. Sales and Marketing, Dectron Internationale Inc. Phone: 1-888-DECTRON, Email: , http://www.dectron.com/; Investors: Renmark Financial Communications: Michael Small : ; Tina Cameron: (514) 939-3989, http://www.renmarkfinancial.com/

Copyright