This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Avcorp Industries loses $2.58-million in Q3 2009-11-16 19:21 ET - News Release Mr. Mark Van Rooij reports AVCORP ANNOUNCES 2009 THIRD QUARTER RESULTS Avcorp Industries Inc. has released its financial results for the quarter
ended Sept. 30, 2009.
During the quarter ended Sept. 30, 2009, the company recorded a loss from operations of $2,128,000 on
$14,302,000 of revenue, as compared with $1,004,000 earnings from operations on $30,894,000 of revenue for the same
quarter of the preceding year; and a net loss for the current quarter of $2,585,000 as compared with a net loss of
$220,000 for the quarter ended Sept. 30, 2008. It should be noted that the current quarter loss includes a
$1,384,000 foreign exchange gain (Sept. 30, 2008: $26,000) which occurred as a result of holding foreign-
currency-denominated receivables, payables and debt. On a year-to-date basis, the company has recorded a
$5,692,000 net loss on $52,561,000 of revenue as compared with a $279,000 net loss on $94,434,000 of revenue for the
same period in 2008.
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