Nordex Explosives Ltd. : Record Sales for Fourth Quarter 2013 and Increased Sales for January and February 2014
2014年3月18日 - 9:00PM
Marketwired
Nordex Explosives Ltd. : Record Sales for Fourth Quarter 2013 and
Increased Sales for January and February 2014
KIRKLAND LAKE, ONTARIO--(Marketwired - Mar 18, 2014) - NORDEX
EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX-VENTURE:NXX)
is pleased to announce record sales of approximately $4,875,000 in
the fourth quarter of 2013 and increased sales in the first two
months of 2014 in the amount of approximately $3,400,000. Nordex is
working to increase its market share through the introduction of
proprietary explosive products to existing and new customers, and
announced the signing of a letter of intent to further expand
operations into Western Canada on March 11, 2014.
Fourth Quarter sales of approximately $4,875,000 represents an
increase of about $791,493 or a 19% increase from the previous
year's fourth Quarter sales of $4,083,507; and about a $2,099,327
or 75% increase over the Corporation's 2011 fourth quarter gross
sales of $2,775,673.
Through the first two months of 2014, Nordex has generated
approximate sales of $3,400,000, which represents an increase of
$1,163,545 or a 52% increase from the first two months of 2013
sales of $2,236,455; and a $1,354,505 or 66% increase over the
first two months sales of 2012 of $2,045,495.
Fourth Quarter Sales |
|
Q4 2013 |
Q4 2012 |
Q4 2011 |
Sales |
$4,875,000 |
$4,083,507 |
$2,775,673 |
Total
increase over same period in 2011 |
$2,099,327 |
$1,307,834 |
|
Accumulated % increase over same period in 2011 |
75.6% |
47.1% |
|
|
January and February Sales |
|
Jan/Feb 2014 |
Jan/Feb 2013 |
Jan/Feb 2012 |
Sales |
$3,400,000 |
$2,236,455 |
$2,045,495 |
Total
increase over same period in 2012 |
$1,354,505 |
$190,960 |
|
Accumulated % increase over same period in 2012 |
66.2% |
9.3% |
|
Jim Taylor, President And CEO states; "The increase in sales is
a direct reflection of the increased acceptance of our proprietary
products and support equipment developed over the last couple of
years. We have proven the quality of these products and are now
poised to continue increasing our market share of the explosives
industry. It is anticipated we can continue to grow with further
exposure of our products as they are introduced into new geographic
regions. We are proud to state that Nordex is the only Canadian
manufacturer of explosives and trust this will be an important
factor when consumers determine their explosives supplier of
choice."
About Nordex
Explosives
Nordex Explosives Ltd. is a Canadian based manufacturer and
distributor of explosives for the mining, quarry and construction
industries since 1970. Its manufacturing operations and
distribution centre is strategically located in one of the world's
largest mining regions near Kirkland Lake, Ontario. Nordex is the
exclusive supplier of the "Buttbuster" perimeter control explosive
products in Canada. Additional information can be found at
www.nordexexplosives.com.
Neither the TSX Venture nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture)
accepts responsibility for the adequacy or accuracy of this
release.
The financial information in respect of gross sales for the
periods indicated set out in this news release is presented on a
basis consistent with the accounting principles used to prepare
Nordex' most recently filed financial statements. Readers are
advised that the Company faces various risk factors with respect to
its business and operations: for further information please see the
Management Discussion and Analysis reports of Nordex at
www.SEDAR.com.
Capital Ideas IRDean Stuart403 517 2270dean@boardmarker.netJim
Taylor, President and CEO705 642 3265 extension
203jtaylor@nordexexplosives.com
Nordex Explosives Ltd. (TSXV:NXX)
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