Reko International announces third quarter sales increase for 2006
Precision mold, die and metal stamping manufacturer Reko International Group enjoyed sales from continuing operatio...
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.