Dectron Internationale reports second quarter results for Fiscal 2005
September 15 2004 - 10:01AM
PR Newswire (US)
Dectron Internationale reports second quarter results for Fiscal
2005 SYMBOL: NASDAQ: DECT Shares Outstanding: 3,155,000 MONTREAL,
Quebec, Sept. 15 /PRNewswire-FirstCall/ -- Dectron Internationale
(NASDAQ:DECT) announces the release of the results for the second
quarter of Fiscal 2005. Consolidated Revenues for the three-month
period ended July 31, 2004 were $10,988,159, a 5.43% decrease over
prior year revenues of $11,619,589. The decrease was primarily due
to a combination of the annual construction shutdown and aggressive
pricing in the commercial HVAC markets in Canada. Gross profit
decreased by $877,303 to $2,745,525 over the same period. As a
percentage of revenues, gross profit decreased from 31.18% to
24.99%. The decrease was primarily due to the continued impact of
higher steel and copper prices combined with the use of aggressive
pricing strategies to gain market share in commercial HVAC markets.
Selling expenses decreased by $189,396, while General and
Administrative expenses decreased by $40,140 to $785,182. As a
percentage of revenues, selling and marketing expenses decreased
from 11.91% to 10.87%. The Company also reported consolidated net
Earnings Per Share of $0.04 versus $0.02 for the same period last
year. Mr. Mauro Parissi, the CFO stated, "As forecasted, the sale
of non-core business assets added to the net profit and this
evidently resulted in higher Earnings Per Share." He further noted,
"Improvements in our operating expenses have materialized as part
of our ongoing efforts to consolidate operations." 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. Marketing and Sales,
Dectron Internationale Inc., 1-888-DECTRON, Email: ,
http://www.dectron.com/; Investors: Renmark Financial
Communications, Tina Cameron, ; Edith English, ; Media - Cynthia
Lane, , (514) 939-3989, http://www.renmarkfinancial.com/
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