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ZCL Composites Reports Third Quarter 2009 Financial Results

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ZCL COMPOSITES INC.
[ Detailed Chart... ]

ZCL Composites Reports Third Quarter 2009 Financial Results

EDMONTON, Nov. 3 /CNW/ - ZCL Composites Inc. (TSX: ZCL) today announced financial results for the third quarter and nine months ended September 30, 2009.

 Q3 2009 compared to Q3 2008 - Revenue of $30.6 million, compared to $33.1 million - Net income of $1.5 million, compared to $3.1 million - Diluted earnings per share of $0.06, compared to $0.12 First Nine Months of 2009 compared to First Nine Months of 2008 - Revenue of $79.1 million, compared to $90.0 million - Net income of $0.7 million, compared to $7.7 million - Diluted earnings per share of $0.03, compared to $0.29 
 Summary Financial Results (in thousands, except Third Quarter Nine Months per share amounts) -------------------------------------- 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue $30,621 $33,140 $79,112 $89,951 Net income $1,488 $3,135 $690 $7,690 Diluted earnings per share $0.06 $0.12 $0.03 $0.29 -------------------------------------------------------------------------