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MO209, "Dectron Internationale announces Second Quarter Results for fiscal 2005-2006" transmitted today at 06:00e has been replaced by the following version.
MONTREAL, Sept. 15 /PRNewswire-FirstCall/ -- Wednesday, September 15, 2005, Dectron Internationale (NASDAQ: DECT & TSX: DTL) announced its financial results for the second quarter of operations for fiscal 2005-2006.
Revenues for the three months period ended July 31st 2005 were $ 12,896,631, a 17.4% increase over the previous year. This increase reflects stronger demand in Refrigeration and Engineered products.
Gross Profit decreased from $2,745,525 to $2,566,702 for the reporting period. As a percentage of revenues, gross profit decreased from 25% to 20%. Gross profit was adversely affected by higher material costs and aggressive pricing.
General and Administrative expense decreased from $785,182 to $731,096 for the reporting period. As a percentage of revenues General and Administrative decreased from 7% to 6% this year.
Selling expense increased from $1,194,659 to $1,309,402 for the reporting period. As a percentage of revenues, selling and marketing expenses decreased from 11% to 10%.
Amortization expense increased from $304,158 to $320,928 for the reporting period. As a percentage of revenues, amortization expenses decreased from 3% to 2%.
Interest expense increased from $96,162 to $164,495 for the reporting period. As a percentage of revenues, interest expense remained unchanged at 1%.
Provision for Income Tax decreased from $109,711 to $12,711 for the reporting period.
Earnings from Operations decreased from $255,653 to $28,070 for the reporting period. The decrease is due mainly to a drop in Gross Profit of five percentage points as compared to Revenues.
The net effect from Discontinued Operations increased from $128,551 to $616,374 for the reporting period.
For the reporting period ended July 31st 2005 the company reported negative Net Earnings of $588,304.
Dectron Internationale Inc. invites you to participate in a conference call to discuss the company's second quarter financial results:
Date: Thursday, September 15, 2005
Time: 10:00 AM (ET)
Tel.: 514-940-2795 - Local & Overseas
800-814-4860 - North America
The conference call is open to Investors and Media.
The conference call will feature Mr. Mauro Parissi, Chief Financial Officer, and Aurelio Useche, Vice-President, Corporate Affairs.
A replay of the conference call will be available after 12:00 PM ET on September 15 to September 22, 2005. Please dial (877) 289-8525 and provide the operator with the following access code 21133734 followed by (Pound Key).
Dectron Internationale is a global provider of Customized and Engineered 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 Inc. manufactures proprietary water-generation-from-air systems for industrial processes, and military and commercial applications.
DATASOURCE: DECTRON INTERNATIONALE INC.
CONTACT: Dectron Internationale Inc.: Aurelio Useche, (514) 334-9609,
; Brian Monk, (514) 336-3330, ;
http://www.dectron.com/ ; Investor and Media Relations: Renmark
Financial Communications, (514) 939-3989, Fax: (514) 939-3717,
http://www.renmarkfinancial.com/ ; Investor: Tina Cameron,
; Henri Perron,
; Media: Lynda Martineau,