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."