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:Clemex Technologies loses $99,599 in 2009 2009-08-25 13:05 ET - News Release Mr. Clement Forget reports CLEMEX ANNOUNCES ITS FINANCIAL RESULTS FOR 2009 Clemex Technologies Inc. has released its financial results for the fiscal year 2009 ending April 30, 2009. The corporation ends this fiscal year with a loss before taxes of $9,599 while a $132,218 loss before taxes had been posted in 2008. For that same period, sales dropped by 10 per cent to $5,120,918 from $5,654,101 in 2008. The most critical sales drop came from North America with a reduction of $845,711 compared with last year, of which $658,008 came from Canada alone. This reduction in sales in North America was compensated to some extent by a good performance in Europe where sales increased by $415,253 compared with 2008. Gross margin remained at 59 per cent, same as last year. When asked to comment these yearly results, president and chief executive officer, Clement Forget, declared the following: "Despite the collapse of the manufacturing sector which began to affect us as early as December, 2008, we managed to maintain our sales to an acceptable level by concentrating our efforts on other sectors such as the pharmaceutical industries, research centres and universities. Moreover, management had put in place several cost-reduction measures very early last fall in order to align expenses to the reducing market activities. These measures helped minimize the overall effect of the economic crisis and to end this last fiscal year with a minimal loss." The remainder is available to Stockwatch subscribers.
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