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Montreal, December 11, 2007 - Dectron
Internationale (TSX: DTL):
Dectron Announces Third Quarter 2007 Results
Montreal, December 11, 2007 – Dectron Internationale, Inc., a
leader in the heating, ventilation and air conditioning, indoor air security
and water generation markets, announced today its financial results for the
third quarter ended October 31, 2007.
Revenues for the third quarter ended October 31, 2007 were
$16.4 million, a $255,000 (1.5%) decrease over the prior year’s revenues for
the same period of $16.7 million. Revenues for the nine months ended October
31, 2007 were $51.3 million, a $3.9 million (8.1%) increase over the prior
year’s revenues for the same period of $47.4 million. The year to date growth
is seen across all divisions but is mainly attributed to continued success in
sales of Dectron pool dehumidification unit.
Gross profit in the third quarter increased by $383,000 to
$4.6 million from $4.2 million in the same quarter last year. For the
nine-month period, gross profit increased by $1.4 million to $13.8 million. As
a percentage of revenues, gross profit margin was at 27.9% (26.9% for the nine
months) an increase from the prior year’s gross profit margin of 25.2% (26.2%
for the nine months). The gross profit margin improved through better pricing
strategies and productivity improvements offset in part by the appreciation of
the Canadian dollar versus the US dollar.
Selling expenses for the quarter increased by $175,000 to
$1.9 million (decreased by $29,000 to $5.5 million for the nine months ended
October 31, 2007) compared to $1.7 million for the same quarter last year.
General and administrative expenses decreased slightly to $1.3 million for the
quarter ended October 31, 2007 from $1.4 million in 2006. For the nine month
period general and administrative increased $46,000 (1.2%) to $3.8 million. As
a percentage of revenues, selling, general and administrative expenses
increased in the quarter to 19.3% from 18.4% but decreased to 18.0% from 19.5%
for the nine month period.
Depreciation and amortization expenses decreased to $363,000
in the quarter ending October 31, 2007 compared to $424,000 in 2006 due to
lower amortization of deferred charges. Financial expenses increased by
$103,000 to $450,000 ($1.1 million for the nine months) from $347,000 ($959,000
for the nine months).
Net earnings for the quarter ended October 31, 2007
increased to $416,000 (or $0.13 per share) compared to net earnings of $252,000
(or $0.08 per share) in the corresponding quarter last year. Net earnings in
the nine months period ended October 31, 2007 increased to $1.7 million (or
$0.52 per share) compared to net earnings of $624,000 (or $0.20 per share) in
the corresponding period last year.
Dectron Internationale, Inc. . is a global provider of custom and
semi-custom IAQ (indoor air quality) and HVAC-R (heating, ventilation and air
conditioning and refrigeration) products and services to the building systems,
food processing, medical, petrochemical, and various industrial and commercial
markets. Established in Montreal, the Company has 460 employees in its
manufacturing facilities. Its shares are listed on the TSX (DTL).
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