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Reko International announces third quarter sales increase for 2006

Precision mold, die and metal stamping manufacturer Reko International Group enjoyed sales from continuing operatio...


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June 12, 2006 by Canadian Plastics

Precision mold, die and metal stamping manufacturer Reko International Group enjoyed sales from continuing operations for the three months ended April 30, 2006 of $23.4 million compared to $21.2 million for last year, and gross sales margins of 12.9% compared to 12.6% last year, the company has announced.
“We are pleased thatour company continues to show improvement in year-over-year financial results,” Steve Reko, president and CEO, said.
The quarter just ended represents the fourth quarter in a row of profit from continuing operations, and during the nine months ended April 30 the company’s net income increased to $1.3 million, or $0.18 per share, compared to a loss of $0.9 million, or $0.11 per share last year, Reko added.
Headquartered in Oldcastle, Ont., Reko has twelve production facilities in Ontario and Michigan.