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APL Appulse Corporation

0.30
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Appulse Corporation TSXV:APL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.295 0.32 2 21:00:19

Appulse Corporation: Press Release Reporting 2011 Results

13/04/2012 10:52pm

Marketwired Canada


Appulse Corporation (TSX VENTURE:APL) ("Appulse or the Corporation") today
reported revenues of $6,108,000 for the year ended December 31, 2011, compared
to $6,066,000 for the previous year. Fourth quarter revenues were $1,565,000
compared to $1,466,000 for the same quarter of the previous year. The
Corporation recorded a pre-tax operating income of $124,000 for the year
compared to a pre-tax operating loss of $68,000 for the 2010 fiscal period. The
net income for the fiscal year ending December 31, 2011 was $ 44,000 ($.00 per
share) compared to a net loss of $159,000 ($.01 per share) for the prior year.
An operating cash flow for fiscal 2011 of $292,000 compares to $105,000 for the
2010 fiscal period. 


Total revenue from parts sales and service increased by 7% in 2011 when compared
to the previous year. While machine sale revenues decreased by 11% in 2011 when
compared to 2010, the Corporation reports a firm machine sales backlog for 2012
of approximately $1,500,000, already exceeding the total machine sales recorded
for the 2011 fiscal period. General and administrative costs were reduced by 4%
during the 2011 fiscal period when compared to the previous year. 


Fiscal 2011 represents the Corporation's first annual period of reporting under
International Financial Reporting Standards ("IFRS"). There were no significant
adjustments to the Corporation's financial results related to the conversion to
IFRS. 


About Appulse

Through its subsidiaries, Centrifuges Unlimited Inc., Rolyn Oilfield Services
Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales,
servicing and refurbishing of centrifuge equipment, serving both domestic and
international markets, and offers full service industrial machining. The
Corporation continues to pursue expansion to its product base and geographic
markets, in addition to adopting a program of controlled acquisitions
complementing its current activities. 


Further information on Appulse and its subsidiaries can be obtained through the
Corporation's website, at www.appulsecorp.net and on SEDAR at www.sedar.com.
Certain statements in this release are forward looking and the reader is
cautioned that such information, although considered reasonable by the
Corporation at the time of preparation, may prove to be incorrect.


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