DECT Dectron International (MM)

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/

Copyright