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Replies to post #296082 on OTCBB ALERTS
hlsh
05/02/11 2:07 PM
#296087 RE: dizdoti #296082
$treet $inatra
10/06/11 10:45 AM
#299498 RE: dizdoti #296082
GARDEN GROVE, Calif., Aug 26, 2011 (BUSINESS WIRE) -- Deltron, Inc. DTRO is pleased to report strong financial performance for the three quarter period ended June 30, 2011. Between October 1, 2010 and June 30, 2011 Deltron's wholly owned manufacturing subsidiary generated $2,511,871 in revenue, a 27.5% increase, and $451,598 in gross profit. EBITDA also rose 522% over the same period last year. Henry Larrucea, CEO of Deltron, commented: "The Company continues to realize increased sales and significant profitability improvements in 2011. Following nine months of strong profit and earnings growth we are excited by the potential for persistent quarterly gains. With lean operations, sales increases, improving gross margins, and growing traction within the niche markets we serve, Deltron continues to increase its profit potential, building value for shareholders." Established in 1979, Deltron's wholly owned Elasco, Inc. subsidiary is an engineered plastics and polyurethane molding and manufacturing company with a highly efficient production facility in Southern California. The company provides complete design and manufacturing services including prototype work, mold and tooling design, manufacturing, custom casting, plastic injection molding and proprietary polymer mixing. For the three quarters ended June 30, 2011, Deltron's Elasco generated $2,511,871 in revenue, a $541,813, or 27.5% increase over the same period in 2010. Gross profit for these nine months grew $240,460 to $451,598, a 114% increase. EBITDA grew 522%, from a net loss of $41,941, to a $177,156 gain. Earlier this month Deltron's Elasco reported revenues of $782,970 for the quarter ended June 30, 2011. Although sales decreased slightly, down 8.4% from the same three-month period in 2010, Elasco achieved a significant increase in profitability. For the quarter, the company increased gross profit 30.4%, from $90,452 to $117,942. This represents an increase of $27,490 over the third quarter last year.