Dectron Internationale announces Second Quarter Results for fiscal 2005-2006
September 15 2005 - 7:00AM
PR Newswire (US)
MONTREAL, Sept. 15 /PRNewswire-FirstCall/ -- Dectron Internationale
(NASDAQ: DECT & TSX: DTL) announces its financial results for
the second quarter of operations for fiscal 2005-2006. Revenues for
the three months period ended July 31st 2005 were $12,896,631, a
17.4% increase over the previous year. Dectron's sales growth
reflects revenues arising from its stronger demand in Refrigeration
and Engineered products. Gross Profit decreased from $2,745,525 to
$2,566,702 for the reporting period. As a percentage of revenues,
gross profit decreased from 25% to 20%. Gross profit was adversely
affected by higher material costs and aggressive pricing. General
and Administrative expense decreased by from $785,182 to $731,096
for the reporting period. As a percentage of revenues General and
Administrative decreased from 7% to 6% this year. Selling expense
increased from $1,194,659 to $1,309,402 for the reporting period.
As a percentage of revenues, selling and marketing expenses
decreased from 11% to 10%. Amortization expense increased from
$304,158 to $320,928 for the reporting period. As a percentage of
revenues, amortization expenses decreased from 3% to 2%. Interest
expense increased from $96,162 to $164,495 for the reporting
period. As a percentage of revenues, interest expense remained
unchanged at 1%. Provision for Income Tax decreased from $109,711
to $12,711 for the reporting period. Earnings from Operations
decreased from $255,653 to $28,070 for the reporting period. The
decrease is due mainly to a drop in Gross Profit of five percentage
points as compared to Revenues. The net effect from Discontinued
Operations increased from $128,551 to $616,374 for the reporting
period. For the reporting period ended July 31st 2005 the company
reported negative Net Earnings of $588,304. Dectron Internationale
Inc. invites you to participate in a conference call to discuss the
company's second quarter financial results: Date: Thursday,
September 15, 2005 Time: 10:00 AM (ET) Tel.: 514-940-2795 - Local
& Overseas 800-814-4860 - North America The conference call is
open to Investors and Media. The conference call will feature Mr.
Mauro Parissi, Chief Financial Officer, and Aurelio Useche,
Vice-President, Corporate Affairs. A replay of the conference call
will be available after 12:00 PM ET on September 15 to September
22, 2005. Please dial (877) 289-8525 and provide the operator with
the following access code 21133734 followed by (pound key). Dectron
Internationale is a global provider of Customized and Engineered
IAQ (Indoor Air Quality) and HVAC (Heating, Ventilation & Air
Conditioning) products and services to the Building Systems, Food
Processing, Medical, Petrochemical, and various industrial and
commercial markets. Dectron Internationale's core businesses are
conducted by its five principal subsidiaries: Dectron Inc., RefPlus
Inc., Circul-Aire Inc., Thermoplus Air Inc. and International Water
Makers Inc. Dectron, Circul-Aire and Thermoplus Air serve customers
in commercial and residential buildings, through a network of
manufacturers' representatives and dealers. Industrial facilities
and OEM clients also form the customer base of these business
units. RefPlus manufactures and supplies commercial refrigeration
through a network of wholesalers and dealers in Canada and USA.
International Water Makers Inc. manufactures proprietary
water-generation-from-air systems for industrial processes, and
military and commercial applications. DATASOURCE: DECTRON
INTERNATIONALE INC. CONTACT: Dectron Internationale Inc.: Aurelio
Useche, (514) 334-9609, ; Brian Monk, (514) 336-3330, ;
http://www.dectron.com/ ; Investor and Media Relations: Renmark
Financial Communications, (514) 939-3989, Fax: (514) 939-3717,
http://www.renmarkfinancial.com/ ; Investor: Tina Cameron, ; Henri
Perron, ; Media: Lynda Martineau,
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