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3rd Quarter Results
TORONTO - November 3, 2006
Automodular Corporation (“Automodular” or “the Company”) reports net earnings of $1.4 million or $0.06 per share for the nine months ended September 30, 2006 compared to $1.7 million or $0.08 per share in the same period in 2005. Net earnings for the quarter ended September 30, 2006 were $0.2 million or $0.01 per share compared to $0.6 million or $0.03 per share in the same period in 2005.
The results are summarized below (all figures in ‘000s except per share):
|
Three months ended September 30th |
Nine months ended September 30th |
| |
2006 |
2005 |
2006 |
2005 |
| Sales |
$10,206 |
$20,680 |
$45,229 |
$59,550 |
| Net earnings |
$199 |
$582 |
$1,369 |
$1,672 |
| Earnings per share* |
$0.01 |
$0.03 |
$0.06 |
$0.08 |
| Fully diluted shares outstanding |
22,049 |
22,049 |
22,049 |
20,126 |
| *(basic and fully diluted) |
Fourth quarter results may be volatile as new vehicles are launched both in Oshawa and in Oakville. These exciting new programs will contribute to improved results in 2007 as they achieve rated production.
Automodular Corporation is a supplier of sub-assembly, sequencing, transportation and logistics services to six Original Equipment Manufacturer plants in Ontario, Michigan and Ohio. The Company has six operating facilities and employs over 800 people. | 
