2011 results
AJAX, ONTARIO, Mar 01, 2012 (MARKETWIRE via COMTEX) -- Automodular Corporation CA:AM+0.74%("Automodular") reports net earnings of $12.2 million or
.61 per share for the year ended December 31, 2011 compared to net earnings of $4.8 million or
.21 per share in 2010. Comparative results have been restated to reflect the transition to International Financial Reporting Standards.
Automodular's consolidated financial statements, management discussion and analysis and annual information form for the year ended December 31, 2011 will be filed on SEDAR on or about March 7, 2012 and the complete annual report together with the management information circular and proxy will be mailed to shareholders on or about April 27, 2012.
Automodular enters the 2012 year with a strong balance sheet and cash on hand of $14.8 million. Automodular continues to seek out diversification opportunities that will leverage the skill sets of its existing personnel.