Omni-Lite Industries reports audited 2011 results

CERRITOS, CA April 19, 2012 December 31, 2011 $6,514,083 $6,642,150 $1,930,431 $1,968,460 $2,004,124 $2,043,605 $0.15 February 2011

Cerritos David F. Grant

Financial Highlights

Revenue: December 31, 2011 $6,514,083 $6,642,150

December 31, 2010.

Sales by division are summarized below:

Division/ Segments	Military		Aerospace		Sport & R ecre ation		Automotive		Commercial
2011	24%		28%		22%		25%		1%
2010	51%		16%		16%		16%		1%

Net In come: $1,958,656 $1,997,163 $1,820,072 December 31, 2011 $1,256,357

Earnings per share: $0.15 $0.15 $0.18 $0.18

SUMMARY OF FINANCIAL HIGHLIGHTS (US $)

All figures in US dollars unless noted.

Basic Weighted Average Shares Issued And Outstanding:	For the year  ended December 31, 2011	For the year  ended December 31, 2010	% Increase (Decrease)
Revenue	$6,514,083	$7,120,813	(9%)
(1)	1,930,431	3,178,799	(39%)
Net Income	1,958,656	1,820,072	8%
EPS (US)	0.15	0.18	(14%)
EPS (CDN)	0.15	0.18	(14%)

$1.0197 $1.0002

⁽¹⁾ 

Quarterly Information

The following table summarizes the Company’s financial performance over the last eight quarters. All figures in US dollars unless noted.

ALL FIGURES IN US DOLLARS UNLESS NOTED

(2)

 

$1,098,466 $1,120,062 $996,036 $1,015,618 $231,268

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Borg Warner

Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein.

THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.

 

SOURCE Omni-Lite Industries Canada Inc.