Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


View Current Digital Issue »


RAIL EMPLOYMENT



Rail News Home Communication and Signal

11/27/2006



Rail News: Communication and Signal

Carmanah Technologies sets sales, revenue records in third quarter


advertisement


Last week, Carmanah Technologies Corp. reported record third-quarter revenue of $15.4 million, up 44 percent compared with third-quarter 2005 and 11 percent compared with second-quarter 2006. The company also set a third-quarter sales record at $15.2 million.

In addition, net earnings rose about 60 percent to $297,000 compared with third-quarter 2005 and operating expenses as a percentage of sales decreased to 30.2 percent compared with 31 percent in the second quarter.

During 2006’s first nine months, Carmanah Technologies generated record revenue of $40.5 million, up 95 percent compared with the same 2005 period.

“The demand for solar-based and energy-efficient technologies is growing at an unprecedented rate,” said Chief Executive Officer Art Aylesworth in a prepared statement.

Carmanah Technologies supplies solar-powered LED lighting and illumination products to the transit, marine, aviation, roadway, industrial and illuminated signage markets.


Contact Progressive Railroading editorial staff.

More News from 11/27/2006