Symax Lift (Holdings) Co. Ltd. Announces Second Quarter 2014 Financial Results - Seite 2
in thousands of Canadian dollars except per share and percentage data | Three Months Ended September 30 | ||
2014 | 2013 | % Change | |
Sales | 9,552 | 8,910 | 7% |
Gross profit | 2,717 | 2,348 | 16% |
Gross margin | 28% | 26% | |
Operating expenses | 2,377 | 1,803 | 32% |
Operating income | 340 | 545 | (38%) |
Other income (loss) | (113) | (244) | (54%) |
Income taxes | 70 | 69 | 1% |
Net income | 157 | 232 | (32%) |
EBITDA | 598 | 769 | (22%) |
Earnings per share - basic | $0.01 | $0.01 | |
Earnings per share - diluted | $0.00 | $0.01 | |
30-Sep-14 | 31-Dec-13 | ||
Total assets | 57,760 | 49,089 | |
Current liabilities | 37,893 | 33,309 | |
Long term liabilities | 6,204 | 4,562 | |
Shareholders' equity | 13,663 | 11,218 | |
"Benefiting from successful adjustments to the Company's marketing and selling strategy, a restructured sales team and sales network, Symax's sales growth has continued in 2014. Sales increased by 7% in the third quarter, although these were lower than expectation due to the slowdown of the Chinese real estate market," stated Ms. Sabrina Zhang, CEO of Symax "The slowdown is expected to continue into 2015. As a result, we will try to expand sales into overseas markets and reduce our costs so as to deliver better bottom line results as we move forward."