March 28, 2011 / 3:00 PM / 6 years ago

Adeptron posts narrower Q4 loss; shares jump 50 pct

* Stock hits 2-month high; one of the top gainers on Toronto bourse

* Q4 $0.01 loss/shr vs $0.02 loss/shr year ago

* Rev up 42 pct

March 28 (Reuters) - Canada’s Adeptron Technologies Corp posted a narrower fourth-quarter loss, helped by stronger margins, sending its shares up as much as 50 percent.

The company, which provides electronics manufacturing services to communications, automotive, aerospace & defence sectors among others, reported a net loss of $345,000, or 1 cent a share, compared with $1.5 million, or 2 cents a share, a year ago.

Sales jumped 42 percent to $12.2 million, while gross margins improved to 9 percent from 2 percent a year ago.

Shares of Adeptron, which caters to Canadian, American, Israeli and Chinese markets, were up 33 percent at 4 Canadian cents in morning trade on Monday. They touched a high of 4.5 Canadian cents earlier in the day.

The stock was one of the top gainers on the Toronto Stock Exchange. (Reporting by Swetha Gopinath; Editing by Maju Samuel)

swetha.gopinath@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 580; Reuters Messaging: swetha.gopinath.reuters.com@reuters.net

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