Clemex announces its Financial Results for 2012

    




 Sales increase of 12,9% 

 MONTREAL, Aug. 27, 2012 /CNW Telbec/ - Clemex Technologies Inc.  announces its financial results for Fiscal Year ending April 30(th), 2012. The Corporation ends this Fiscal Year with a sales increase of  12.9% from $5,3 M in 2011 to $5,9 M in 2012. The most significant  increase came from North America this last fiscal year with an increase  of 36.4%. Net result for 2012 is $43,467 while it was $320,497 in 2011. 

 When asked to comment these results, the President and CEO, Clement  Forget declared the following: "Along with the regain of activity in  the manufacturing sector last year, sales increase which had begun in  2010, have continued their increase over the last fiscal year. The  highest growth was in North America despite the slowest than expected  sales activity for the Leica line of products in Eastern Canada. Of all  the geographic area covered by the Company, only the international  market showed a decline in this past fiscal year. While European sales  were fairly stable during this past year, sales in other countries saw  a sharp drop, especially in Asia, where the economic growth has slowed  down over the last quarters of the year." 

 Mr. Forget continued: "We have pursued our marketing activities with the  development of a new website and other various internal management  tools. The Company participated at several important tradeshows. The  research and development team devoted most of their time to the  Haematology project while continuing the development of other projects  of lesser scope. The first  instruments for Haematology application  will be implemented in laboratories this coming fall." 

  

  





    Financial Highlights                                    

    Fiscal year ended                   April 30th, 2012   April 30th, 2011

                                                   $                  $

    Sales                                     5, 939,016          5,259,165

    Gross Margin                              3, 159,697          3,134,845

                                                  53.2 %             59.6 %

    Total Operating Expenses                   3,116,230         2, 814,348

    Net Earnings & Comprehensive Income           43,467            320,497

    Earnings  per share                            0.002              0.015






  

 About Clemex Technologies, Inc. 

 Clemex Technologies Inc. develops, manufactures and markets image  analysis systems and software used by quality control and research  microscopy laboratories.  Clemex customer base spans over many  countries in America, Europe, Asia and encompasses major Research and  Development Centers, prestigious Universities and large manufacturing  industries in various fields including healthcare, automotive,  aerospace, raw materials manufacturing, pharmaceuticals, mining and  other sectors. 

   

CLEMEX TECHNOLOGIES INC.


CONTACT:  CLEMEX TECHNOLOGIES INC, 800 Guimond,Longueuil, QC, Canada J4G 1T5,Contact:Clement ForgetTel: 450.651.6573Email: [e-mail] 


    

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