This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Plaintree Systems Inc Another Profitable Quarter For Q2-2012

Plaintree Systems Inc. (Plaintree, traded on CNSX under the symbol NPT).

Q2-2012 Results

Plaintree announced today that it has released its unaudited interim condensed consolidated financial statements and related management discussion and analysis for the six months ended September 30, 2011.

During the second quarter of fiscal 2012, Plaintree realized revenues of $5,036,449 and net profitability of $616,849.

For the first two quarters of this fiscal year, sales totaled $7,711,183 compared to $6,872,350 for the same period in fiscal 2011 and a net income of $529,240, compared $1,388,272 for first six months of fiscal 2011. The decreased net income in this period resulted from a lower cost of direct costs (i.e. materials) in the prior period (early fiscal 2011) due to a write-down of inventories (reflected in seasonally lower market prices) and increased operational costs during fiscal 2012.

“The Company relocated to a larger 135,000 sq/ft manufacturing facility around Christmas last year and a lot of production time over the next six months was spent organizing and setting up in the new location,” announced David Watson, Plaintree CEO. “Also, the creation of Arnprior Fire Trucks Corp. has required a large investment in manpower and cash as we get it established. Both these investments affected profitability over the first two quarters of this year.”

The Company has the two former manufacturing plants for sale.

Basic (loss) earnings per share after deduction for accrued dividends was $(0.02) and $0.05 for the respective first six months of fiscals 2012 and 2011.

The Company adopted International Financial Standards (“IFRS”) effective April 1, 2011.

For more information on these results, please refer to Plaintree’s annual 2011 financial statements together with the related Management’s Discussion and Analysis report, copies of which can be obtained from the Company’s website at and/or under Plaintree’s name at

About Plaintree Systems

Plaintree has two diversified product lines consisting of Specialty Structures and Electronics.

The Specialty Structures Division includes the former Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, free form structures, barrel vaults, space frames and industrial dome coverings, and the newly formed Arnprior Fire Trucks Corp., a manufacturer of high end fire and emergency vehicles.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.43 -1.50%
FB $116.82 0.08%
GOOG $692.83 0.26%
TSLA $245.96 -0.71%
YHOO $36.53 -0.16%


Chart of I:DJI
DOW 17,777.48 -53.28 -0.30%
S&P 500 2,064.97 -10.84 -0.52%
NASDAQ 4,775.5350 -29.7560 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs