August 9, 2010 / 8:52 PM / 7 years ago

UPDATE 1-Pure Technologies posts Q2 profit

* Q2 EPS C$0.07 vs loss/shr C$0.01 yr ago

* Q2 revenue up 89 pct

Aug 9 (Reuters) - Canada’s Pure Technologies Ltd PUR.V, which provides technology that monitors the soundness of major structures such as bridges and pipelines, reported a quarterly profit, helped by higher equipment sales.

Net income for the second quarter was C$2.8 million ($2.7 million), or 7 Canadian cents a share, compared with a loss of C$395,000, or 1 Canadian cent a share, a year ago.

Revenue rose 89 percent to C$12.8 million. Equipment sales tripled to C$9.5 million.

The company said it expects to continue to grow EBITDA throughout the remainder of the year, with its focus on cost control and projects scheduled to be completed.

Shares of the Calgary, Alberta-based company closed at C$4.55 Monday on the Toronto Venture Exchange. ($1=1.027 Canadian Dollar) (Reporting by Aftab Ahmed in Bangalore; Editing by Vinu Pilakkott) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below