BRIEF-Zcl composites reports first quarter 2016 financial results

Wed May 4, 2016 7:37pm EDT
 
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May 4 (Reuters) - Zcl Composites Inc

* Zcl composites reports first quarter 2016 financial results

* Q1 earnings per share c$0.03

* Q1 revenue rose 12 percent to c$36.2 million

* Expect strength in us underground operations which will continue to drive future revenue growth

* Q1 backlog of $47.6 million , down $0.7 million

* Q1 underground gross margin was 24%, up seven percentage points from 17% in q1 of 2015 Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)