Ergoresearch, Laval, Quebec, Canada, has announced its results for the first quarter of fiscal year (FY) 2012 ended on September 30, 2011. In the quarter ended September 30, 2011, revenues reached CAD$1,826,393, representing an 11.9 percent increase compared to revenues of CAD$1,632,194 for the same period last year. Net profits before taxes have almost quadrupled to CAD$257,734 from CAN$87,249 for the same period last year.
Revenues generated by operations saw an increase from CAD$69,636 in the same period last year to CAD$141,178 in the first quarter of FY 2012.
“We are satisfied with the results of this first quarter of 2012,” said Sylvain Boucher, president and CEO of Ergoresearch. “The corporation has successfully integrated its operations in its new head office, has diligently continued its research activities on the locomotive system, and enthusiastically prepares its future growth. These exceptional performances are a tribute to the efforts deployed by our employees, officers, and directors.”