Ergoresearch, Laval, Quebec, Canada, has announced its results for the third quarter of fiscal year (FY) 2012, ended March 31. Sales increased 8.1 percent to CAD $1,946,218 from CAD $1,804,194 for the same period last year. Sales during the first three quarters of FY 2012 increased 11.1 percent to CAD $5,807,515 as compared to the same quarter for last year. Net income before taxes rose to CAD $58,371 for the current quarter, while net profit before taxes totaled CAD $472,762 since the beginning of the fiscal year.
In the quarter ended March 31, Ergoresearch had cash on hand and short term investments in excess of $2 million dollars.
“We are satisfied with the results in this third quarter,” said Sylvain Boucher, CEO of Ergoresearch. “The efforts deployed by our employees, officers, and directors converge around common objectives and allow the corporation to aim for the highest pinnacles.”
Ergoresearch has also announced that it has ranked 140th out of Canada’s 200 fastest-growing companies according to PROFIT magazine’s 2012 PROFIT 200 list. Entrants were ranked by five-year revenue growth, with revenue and net income verified through financial statements. Ergoresearch has realized revenue growth of 324 percent from 2006–2011.