Spectra Premium Industries Inc. (TSX: SPD), a North American leader in the manufacture of automobile, light-truck and heavy-duty truck aftermarket parts and manufacturer of high-pressure die cast magnesium alloy parts and steel fuel tanks in the Original Equipment Manufacturer ("OEM") market, announces today, its first quarter results of fiscal 2006-2007 ended April 30, 2006. Consolidated Results for the First Quarter of Fiscal 2006-2007
During the first quarter of fiscal 2006-2007, consolidated sales reached $64.5 million, up 3.4%, compared to the preceding fiscal year. If we exclude the impact of the exchange rate variations, consolidated sales would have increased by 6.5 %, compared to the same period a year earlier. This sales growth results from the OEM segment.
Consolidated operating income stood at $1,719,000, compared to $760,000 for the previous year. Net income reached $759,000, or $0.02 per share for the first quarter, compared to a net loss of $473,000, or $0.01 p...