Spectra earns $136,828 in Q3 2019
2019-10-28 12:29 MT - News Release
Mr. Andrew Malion reports
SPECTRA INC. REPORTS THIRD QUARTER 2019 RESULTS
Spectra Inc. has released its financial results for the first nine months of 2019. Revenues for the nine-month period ending Sept. 30, 2019, were $1,655,103 compared with $1,601,377 for the same period in 2018, an increase of 3.36 per cent. Revenues for the third quarter ending Sept. 30, 2019, were $491,286 compared with $559,181 in 2018, a decrease of 12.15 per cent.
The third quarter ending Sept. 30, 2019, showed a net profit of $136,828 compared with a net profit of $145,065 for the third quarter ended Sept. 30, 2018.
During the nine-month period ending Sept. 30, 2019, a net profit of $435,777 was generated compared with a net profit of $386,926 for the nine-month period in 2018.
About Spectra Inc.
Spectra, through its subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, a visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme-pressure lubricants.
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