Hartco Announces 2013 First Quarter Results
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/09/13 -- Hartco Inc. (TSX: HCI) today announced its financial results for the three months ended March 31, 2013.
Consolidated results for the three months ended March 31, 2013
Hartco Inc. ("Hartco") posted consolidated revenues of $89.8 million for the three months ended March 31, 2013, compared to $107.3 million for the same period last year, and a net loss of $0.9 million or -$0.07 per share on a diluted basis compared to a net loss of $3.6 million or -$0.27 per share on a diluted basis, for the corresponding period in 2012.
"Difficult market conditions, including lower demand for IT products and services, contributed to weak financial results for the first quarter." said Pat Waid, Hartco's President and Chief Operating Officer.
Financial Position
Hartco ended the first quarter of 2013 with a strong cash position of $24.9 million and no debt.
Hartco Outlook
"We anticipate continued softness in IT demand throughout the next quarter," said Pat Waid. "We are taking action to adapt to the challenging market conditions and expect our operating performance to improve in the second half of the year."
Detailed Financial Information
Detailed financial information pertaining to Hartco's first quarter and annual results can be accessed at or at . The first quarter and annual financial statements have been prepared in accordance with the International Financial Reporting Standards ("IFRS").
About Hartco Inc. Hartco Inc. (TSX: HCI) has been a leader in the Canadian information technology business for more than thirty years. Through its operating divisions, which together include 48 locations across Canada, Hartco Inc. delivers information technology solutions to private and public sector organizations of every size. For more information, please visit .
Forward-Looking Statements
This news release contains forward-looking information. Except for historical information contained herein, the statements in this document are forward-looking. Forward-looking statements involve known and unknown risks and uncertainties, which may cause actual results in future periods to differ materially from forecasted results. Those risks include, among others, changes in customer demand for information technology products or services, changes in supplier pricing actions or terms, customer orders, pricing actions by competitors, changes in laws and regulations and general changes in economic conditions. Risks that could cause our results to differ materially from our expectations are discussed in our Annual Management's Discussion & Analysis ("MD&A").
Contacts:
For Investor Relations:
Michael Lemieux
Secretary Treasurer and Interim Chief Financial Officer
514-354-3810
514-354-8989 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.05.2013 - 13:40 Uhr
Sprache: Deutsch
News-ID 258245
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Software
Diese Pressemitteilung wurde bisher 190 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Hartco Announces 2013 First Quarter Results"
steht unter der journalistisch-redaktionellen Verantwortung von
Hartco Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
