Inventronics Announces 2011 Q2 Financial Results

CALGARY, Aug. 18, 2011 /CNW/ -- 
CALGARY, Aug. 18, 2011 /CNW/ - Inventronics Limited ("Inventronics" or
 the "Corporation") (IVX:TSX Venture), a designer and manufacturer of
 custom enclosures for the telecommunications, electric transmission,
 cable television and other industries in North America, today announced
 its unaudited 2011 second quarter financial results.


For the three months ended June 30, 2011, Inventronics reported net
 earnings of $63,000, or 1.4 cents per share, on sales of $1,564,000
 compared to a net loss of $337,000, or 7.7 cents per share, on sales of
 $993,000, for the second quarter of 2010.  For the six months ended
 June 30, 2011, Inventronics reported a net loss of $46,000, or 1.1
 cents per share, on sales of $2,726,000 compared to a net loss of
 $451,000, or 10.2 cents per share, on sales of $2,553,000, for the six
 months ended June 30, 2010.






Selected Financial Information                                  

                                                                       

Income Statement Highlights    
(in thousands of dollars,
except per share amounts)       Three Months Ended     Six Months Ended

                                June 30    June 30     June 30  June 30
                                   2011       2010        2011     2010

Sales                             1,564        993       2,726    2,553

EBITDA                              248      (143)         326     (61)

Net earnings (loss)                  63      (337)        (46)    (451)

Basis loss per share               1.4¢     (7.7)¢      (1.1)¢  (10.2)¢










Balance Sheet                                                                     
Highlights
(in thousands
of dollars)

                                                              June 30     December
                                                                 2011           31
As at                                                                         2010

Working                                                       (2,030)      (2,258)
capital

Capital                                                         3,839        4,113
assets

Long-term                                                           -            -
debt,
excluding
current
portion

Shareholders'                                                   1,809        1,855
equity






About Inventronics


Inventronics Limited designs and manufactures custom enclosures and
 other products for an array of customers in the telecommunications,
 electric utility, cable television, electronics and computer services
 industries in North America. The Corporation owns its ISO
 9001-registered production facility in Brandon, Manitoba.


Shares of Inventronics trade on the TSX Venture Exchange under the
 symbol "IVX." For more information about the Corporation, its products
 and its services, go to www.inventronics.com.


Disclaimer


This news release may contain forward looking information that
 represents the Corporation's internal projections, expectations,
 estimates or beliefs concerning, among other things, future operating
 results and various components thereof or the Corporation's future
 economic performance.  These statements relate to future events or
 future performance.  All statements other than the statements of
 historical fact may be forward-looking statements.  In some cases,
 forward-looking statements can be identified by terminology such as
 "may", "will", "should", "expects", "projects", "plans", "anticipates",
 and similar expressions.  The projections, estimates and beliefs
 contained in such forward-looking statements are based on management's
 assumptions relating to the production performance of Inventronics'
 assets, the cost and competition throughout the telecommunications
 industry and the continuation of the current regulatory and tax regimes
 in the jurisdictions in which the Corporation operates, and necessarily
 involve known and unknown risks and uncertainties, including risks and
 assumptions relating to exchange rates, costs of production, outlook
 for sales, and other factors that may cause actual performance and
 financial results in future periods to differ materially from any
 projections of future performance or results expressed or implied by
 such forward-looking statements.  Accordingly, readers are cautioned
 that events or circumstances could cause results to differ materially
 from those predicted.  Except as otherwise required under applicable
 securities laws, the Corporation does not undertake to update any
 forward-looking information in this document whether as to new
 information, future events or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in policies of the TSX Venture Exchange) accepts
 responsibility for the adequacy or accuracy of this release.


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