Allianzim Us Large Cap B... (AMEX:DECT)
Historical Stock Chart
From Jun 2019 to Jun 2024
Dectron Announces First Quarter Results for Fiscal 2006
NASDAQ: DECT TSX: DTL
MONTREAL, June 15 /PRNewswire-FirstCall/ -- Dectron Internationale, Inc., a
leading supplier in the heating, ventilation and air conditioning, indoor air
security and water generation markets, is pleased to announce its financial
results for the first quarter of operations.
Revenues for the three months period ended April 30, 2005 were $10,910,643, a
6.66% increase over prior year revenues of $10,229,096. Dectron's sales growth
reflects revenues arising primarily from its stronger presence in the Canadian
market for commercial HVAC products and related services.
Gross profit decreased by $274,626 to $2,995,813 over the same period. As a
percentage of revenues, gross profit decreased from 31.97% to 27.46%. Despite
certain productivity gains, the gross profit margin was adversely affected by
higher raw material costs and aggressive pricing strategies in certain HVAC
markets.
Selling expenses increased by $108,091 in the three months period ended April
30, 2005 compared to $1,216,521 for the period ended April 30, 2004. As a
percentage of revenues, selling and marketing expenses increased from 11.89 to
12.14%.
General and administrative expenses increased by $ 149,554 to $1,004,576
compared to $854,962 for the period ended April 30, 2004. As a percentage of
revenues, general and administrative increased from 8.36% to 9.21%.
Amortization expenses increased to $323,362 in the three months period ending
April 30, 2005 compared to $314,578 in 2004 following the acquisition of new
machinery and equipment during the last fiscal year. As a percentage of
revenues, amortization expenses decreased from 3.08% to 2.96%.
Financing expenses decreased from $383,476 to $233,650, a decrease of $149,826.
As a percentage of revenues, financing expenses decreased from 3.75% to 2.14%.
The lower interest expense is due primarily to repayments of short- term debt
and long-term debt during the last fiscal year.
Provisions for Income tax as a percentage of taxable income decreased from
35.80% for the three months ended April 30, 2004 to 31.02% for 2004. Tax
expenses have decreased by $145,298 due to a decrease in taxable revenue.
Mostly as a result of a lower margin and higher selling and administration
expenses, net earnings before discontinued operation was $75,653 compared to
$321,584 for the three months period ending April 30, 2004. As a percentage of
sales, net earnings before discontinued operations decrease from 3.14% to
0.69%.
Losses from discontinued operations net of taxes for the three months period
ending April 30, 2005 was $98,327 compared to $270,577 in the corresponding
period in 2004, both resulting from the discontinued operations of Liberty
Drive Property, Inc.
Gain on disposal of discontinued operations was $63,576 for the three months
period ending April 30, 2005 compared to $71,646 for the comparative period in
2004.
As a result of the above factors, net earnings in the three months period
ending April 30, 2005 was $40,902 compared to earnings of $112,653 in the
corresponding period in 2004.
Dectron Internationale, Inc. is a global provider of custom and semi- custom
IAQ (indoor air quality) and HVAC (heating, ventilation and 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 the United States. International Water
Makers Inc. manufactures proprietary water-generation-from-air systems for
industrial processes and military and commercial applications. Established in
Montreal, the Company sells about 50% of its products in the United States and
has 400 employees in its manufacturing facilities. Its shares are listed on the
NASDAQ under the ticker symbol DECT.
DATASOURCE: DECTRON INTERNATIONALE INC.
CONTACT: Dectron Internationale, Inc.: Mauro Parissi, Chief Financial
Officer; Aurelio Useche, Vice President; (514) 334-9609, Fax: (514) 334-4820,
; Renmark Financial Communications Inc.: Tina Cameron,
; Henri Perron,
; Media - Cynthia Lane-Filiatrault,
; (514) 939-3989, Fax: (514) 939-3717,
http://www.renmarkfinancial.com/