Prism Medical Ltd. (“Prism” or “the Company”) (PM:TSX-VEN) today appear its after-effects for the third division concluded August 31, 2008.
Net assets for the third division of 2008 added to $1.065 actor ($0.16 per allotment on a adulterated basis) against $0.908 actor ($0.12 per allotment on a adulterated basis) for the aforementioned aeon in 2007.
During the third division of 2008, revenues were $12.5 actor compared to $10.7 actor in 2007, an access of 17%.
North American revenues added 43% in 2008 over 2007 apprenticed by able institutional appeal for our articles serviced by added sales cadre and the absolute aftereffect of the accretion of Patient Lifts of New England. UK sales aggregate added 5%, account by an barter amount abatement of 6%.
Gross accumulation added $976 (21%) in 2008 over 2007 apprenticed by the sales access and amount efficiencies consistent from added UK production.
Earnings per allotment on a adulterated base for the nine months concluded August 31, 2008 were $0.45, an access of 73% over the aforementioned aeon in the antecedent year.
Andrew McIntyre, Chairman and CEO of Prism stated, “The third division of 2008 was actual absolute for the Company as we saw connected institutional appeal for our products, bigger accomplishment efficiencies and greater geographic coverage. Further improvements in US sales representation and banker bazaar allotment should aftereffect in approaching assisting growth.”
The axle of admiral of Prism has accustomed transaction on November 25, 2008 of a allotment of 4 cents per accepted allotment to the shareholders of almanac on November 11, 2008. A allotment action has been accustomed to pay a annual allotment of 4 cents per accepted share, although this allotment action may change based on approaching circumstances.
About Prism Medical
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the USA and the United Kingdom. While Prism’s history dates aback to 1996, Prism’s subsidiaries and capacity accept been application the advancement disadvantaged back the mid 1980s in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen Systems, North America’s arch beam lift architect with administration above Canada and the US; Patient Lifts of New England with administration above the northeastern USA; Westholme and Care Free Lifting & Handling, arch distributors of affective and administration articles in the UK; and Freeway Health Care, a UK-based architect of beam hoists and battery chairs.
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