TORONTO – Firan Technology Group reported fourth quarter sales of $18.7 million, up 13.7% year-over-year.

Net earnings after tax for the quarter ended Nov. 30 were $6.4 million, an increase of 440% compared to the same period in 2014.

The company’s PCB manufacturing segment saw sales rise 15.1%, or $1.8 million, compared to the same quarter in 2014.

For the year ended Nov. 30, total sales were $72 million, up 18.7% year-over-year. Net earnings after tax were $9.5 million, an increase of 335% year-over-year. PCB sales were up $9.3 million, or 20.6%, versus 2014. All facilities reported increased revenues.

" 2015 saw consistent strong performance for FTG as a result of past investments in technology, positive impacts from past key new program wins, as well as the strengthening of the US dollar," said Brad Bourne, president and CEO. "These record results are enabling us to report strong earnings while still investing in our future. As we look forward into 2016, we remain confident of our market position and our ability to continue to grow and perform. With a strong financial foundation, we are looking for ways to accelerate growth through investments in new development programs or acquisitions. We will also continue to invest in R&D across the corporation."

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