August 5, 2009 / 10:22 PM / in 8 years

UPDATE 1-Canada's RuggedCom posts lower Q1 profit

* Q1 EPS $0.07 vs EPS $0.14 year-ago

* Q1 revenue up 25 pct at $16 mln

Aug 5 (Reuters) - Canada’s RuggedCom Inc’s RCM.TO quarterly profit almost halved, as the communications equipment maker’s earnings were hurt by a stronger Canadian dollar and lower margins.

For the first quarter ended June 30, the company earned $885,000, or 7 cents a share, down from $1.7 million, or 14 cents a share, a year ago.

Total revenue rose 25 percent to $16 million, primarily driven by increased sales in the electric power market, which comprised 65 percent of the company’s total revenue.

Customer purchase orders rose 40 percent to $18.1 million.

The company added 105 new customers in the quarter, an increase of 13 percent over the same period last year.

Shares of the company closed C$23.88 Wednesday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Unnikrishnan Nair)

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