FTG Reports Q1 Sales Up 10% YoY | Print |  E-mail
Written by Chelsey Drysdale   
Thursday, 12 April 2012 22:29

TORONTOFiran Technology Group reported first-quarter sales up 10% year-over-year to $13.47 million.

Net earnings for the quarter were $38,000 compared to a net loss of $191,000 in the year-ago period.

“Sales are growing at all sites, and continued new order growth bodes well for the coming quarters. With the FTG Aerospace - Tianjin facility ready for production, and the strong interest in this facility from customers in Asia and North America, this is a very exciting new addition to the FTG portfolio of businesses,” said Brad Bourne, president and CEO.

Circuits segment sales were up $900,000 or 10% year-over-year, with particularly strong growth at FTG Circuits - Chatsworth. Net earnings for the segment were $400,000 compared to $100,000 in the first quarter of 2011.

Aerospace segment sales were up 10% to $3.4 million compared to the first quarter of 2011. Aerospace net earnings were $300,000 versus $200,000 last year.

During the quarter, FTG Circuits completed AS9100C certification.

 

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