Automodular Corporation
NEX BOARD : AM.H
TSX VENTURE : AM.H

Automodular Corporation

November 03, 2015 12:30 ET

Automodular Corporation: Third Quarter 2015 Results

PICKERING, ONTARIO--(Marketwired - Nov. 3, 2015) - Automodular Corporation ("Automodular") (NEX:AM.H) reports a net loss of $(0.3) million or $(0.02) per share for the quarter ended September 30, 2015 compared to net earnings of $3.7 million or $0.19 per share in the same period in 2014. For the nine months ended September 30, 2015 and 2014, Automodular reports a net loss of $(2.1) million and net earnings of $8.5 million or $(0.11) and $0.44 per share, respectively.

As previously noted, Automodular ceased operations at its Oakville facilities in December 2014 and no longer has active operations.

The results for the first three quarters of the year are summarized below (all figures in '000s except per share amounts):

Three months ended September 30 Nine months ended September 30
2015
$
2014
$
2015
$
2014
$
Sales - 21,294 - 59,615
Net earnings (loss) (331) 3,726 (2,050) 8,457
Per share (basic) (0.02) 0.19 (0.11) 0.44

Automodular's interim consolidated financial statements and Management Discussion and Analysis for the period ended September 30, 2015 will be filed on SEDAR on or about November 10, 2015.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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