Cie-Nergy Q2-2004 Financial Results
TSX Venture - CGY
-Decent earnings. 5 cents for the 6 months. trades at 30 cents.
MARGINS OVER 40%
Period ended February 29, 2004 Year Ago
$ $
Revenue 4,281,442 4,087,883
Gross Profit 1,788,444 1,187,364
Net Profit 422,980 112,465
BEAUPORT, Quebec, April 29 /CNW Telbec/ - Cie-Nergy Ply-foil Canada Inc.
("Cie-Nergy" or the "Company") announces its Margins over 40% for a second
consecutive quarter.
These margins brought a profit for the first 6 months of $422 980, 10.0%
of sales or $0.045 per share ($ 0.042 fully diluted).
Total sales amounted to $4 281 442 compare to $4 087 883 for the same
6 months period last year, a 5% growth.
Cie-Nergy is engaged in the manufacture and marketing of specialty
reflective insulating products designed to save on energy costs. The Company
markets its products under the Thermo Foil(TM) and Ayr Foil(TM) brand names.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information: Larry Sheedy, President at Cie-Nergy Plyfoil
Canada Inc., (418) 623-5481, Fax: (418) 623-6634, larry.sheedy@qc.aira.com |
