Deltron Reports Positive 9 Month Results: Revenue up 27.5%, Profit up 522%
26 Agosto 2011 - 3:00AM
Business Wire
Deltron, Inc. (OTCBB: DTRO) is pleased to report strong
financial performance for the three quarter period ended June 30,
2011. Between October 1, 2010 and June 30, 2011 Deltron’s wholly
owned manufacturing subsidiary generated $2,511,871 in revenue, a
27.5% increase, and $451,598 in gross profit. EBITDA also rose 522%
over the same period last year.
Henry Larrucea, CEO of Deltron, commented: “The Company
continues to realize increased sales and significant profitability
improvements in 2011. Following nine months of strong profit and
earnings growth we are excited by the potential for persistent
quarterly gains. With lean operations, sales increases, improving
gross margins, and growing traction within the niche markets we
serve, Deltron continues to increase its profit potential, building
value for shareholders.”
Established in 1979, Deltron’s wholly owned Elasco, Inc.
subsidiary is an engineered plastics and polyurethane molding and
manufacturing company with a highly efficient production facility
in Southern California. The company provides complete design and
manufacturing services including prototype work, mold and tooling
design, manufacturing, custom casting, plastic injection molding
and proprietary polymer mixing.
For the three quarters ended June 30, 2011, Deltron’s Elasco
generated $2,511,871 in revenue, a $541,813, or 27.5% increase over
the same period in 2010. Gross profit for these nine months grew
$240,460 to $451,598, a 114% increase. EBITDA grew 522%, from a net
loss of $41,941, to a $177,156 gain.
Earlier this month Deltron’s Elasco reported revenues of
$782,970 for the quarter ended June 30, 2011. Although sales
decreased slightly, down 8.4% from the same three-month period in
2010, Elasco achieved a significant increase in profitability. For
the quarter, the company increased gross profit 30.4%, from $90,452
to $117,942. This represents an increase of $27,490 over the third
quarter last year.
Elasco Inc. Summary Financial Information
Nine months ending June 30,
$ %
2011 2010
DIFFERENCE DIFFERENCE Sales
2,511,871 1,970,058
541,813
27.5 % Cost Of Sales
2,060,273 1,758,920
301,353 17.1 % Gross Profit
451,598 211,138
240,460 114 % G&A
274,442 253,079
21,363 8.4 % EBITDA
177,156 (41,941 )
219,097 522 %
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. Wholly
owned Elasco is a proven innovator in product manufacturing with a
32-year operating history, diverse customer base and vertically
integrated manufacturing facility in Garden Grove, California. Blu
Vu, a division of Deltron, is a developer of proprietary closed
circuit rebreather technology and components that go beyond
conventional scuba systems to enable commercial and recreational
divers to go deeper, stay underwater longer and recover faster.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. DTRO has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect DTRO’s current
beliefs and are based upon information currently available to
it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the DTRO’s actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
DTRO undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
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