|
Automodular 2004 Results
TORONTO - March 30, 2005
Automodular Corporation ("Automodular") reports a 2004 net loss of $10.4 million or $0.55 per share on sales of $93.5 million compared to net earnings of $3.7 million or $0.20 per share on sales of $107.9 million in 2003. The current year included an $11.3 million write-off of goodwill and intangible assets relating to Automodular’s Michigan-based operations. Excluding this charge, the Company would have reported net earnings of $0.9 million or $0.05 per share.
Automodular's consolidated financial statements, management discussion and analysis and annual information form for the year ended December 31, 2004 will be filed on SEDAR on March 31, 2005 and the complete annual report will be mailed to shareholders on or about April 13, 2005.
Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to North American automobile manufacturers and their Tier 1 suppliers serving assembly plants in Ontario, Michigan and Ohio. Automodular employs more than 800 people in seven operating facilities. | 
