GLENTEL Inc. reports solid 3rd quarter earnings of $0.53 per share

BURNABY, BC, Oct. 28 /CNW/ - GLENTEL Inc. (TSX: GLN) today reported its results for the 3rd quarter and nine months ended September 30, 2009.

Financial highlights (tabular amounts in thousands of Canadian dollars, except per share data), are:

 ------------------------------------------------------------------------- Three months ended Nine months ended September 30 September 30 ------------------------------------------------------------------------- 2009 2008 2009 2008 ------------------------------------------------------------------------- Sales $81,905 $90,614 $217,198 $201,826 ------------------------------------------------------------------------- Income, before interest, taxes and amortization $10,404 $11,328 $20,818 $17,514 ------------------------------------------------------------------------- Operating income, before interest and taxes $8,856 $9,685 $16,266 $12,722 ------------------------------------------------------------------------- Net income $5,834 $6,550 $10,894 $8,626 ------------------------------------------------------------------------- Basic net income per share $0.53 $0.61 $1.01 $0.81 ------------------------------------------------------------------------- Diluted net income per share $0.52 $0.59 $0.99 $0.78 -------------------------------------------------------------------------