![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:SYL | 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 | - |
TORONTO, ONTARIO--(Marketwired - May 30, 2014) - Symax Lift (Holdings) Co. Ltd. (TSX-VENTURE:SYL) ("Symax" or the "Company") announces its financial results for the three-month period ending March 31, 2014.
Highlights
SUMMARY FINANCIAL STATEMENTS
in thousands of Canadian dollars except per share and percentage data | Three Months Ended March 31 | ||
2014 | 2013 | % Change | |
Sales | 7,755 | 5,333 | 45% |
Gross profit | 2,520 | 1,262 | 100% |
Gross margin | 32% | 24% | |
Operating expenses | 2,283 | 1,276 | 79% |
Operating income | 237 | (14) | |
Other income (loss) | (137) | (210) | (35%) |
Income taxes | (21) | (10) | 110% |
Net income | 79 | (234) | (134%) |
EBITDA | 437 | 142 | 208% |
Earnings per share - basic | $0.00 | ($0.00) | |
Earnings per share - diluted | $0.00 | ($0.00) | |
As at December 31 | |||
31-Mar-14 | 31-Dec-13 | ||
Total assets | 49,859 | 49,089 | |
Current liabilities | 33,914 | 33,309 | |
Long term liabilities | 4,523 | 4,562 | |
Shareholders' equity | 11,422 | 11,218 |
"Benefiting from successful adjustments to the Company's marketing and selling strategy, a restructured sales team and sales network, Symax's sales growth continued in 2014.Sales increased by 45% and Symax made profits in the first quarter 2014, a first for Q1, a period that is typical slow for our industry in China, in the Company's history", stated Ms. Sabrina Zhang, CEO of Symax " We will continue to focus on tightening our costs to deliver better bottom line results as we move forward."
About Symax Lift Holdings
Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax's products and services are classified into two separate offerings; a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and customized elevator products.
This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.
For Corporate Information:Michael ZhengSkyone International Securities CorporationTel: 416.268.6178Email: michael.zheng@skyoneisec.comMary Ma, CFOTel: 604.277.6678Email:info@symax.ca
1 Year Symax Lift (Holding) Co. Ltd. Chart |
1 Month Symax Lift (Holding) Co. Ltd. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions