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Last C$0.37 CAD
Change Today 0.00 / 0.00%
Volume 0.0
IFX On Other Exchanges
As of 11:45 AM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

imaflex inc (IFX) Snapshot

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12/3/14 - C$0.55
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imaflex inc (IFX) Details

Imaflex Inc., together with its subsidiaries, develops, manufactures, and sells flexible packaging materials in Canada, the United States, and internationally. The company offers agricultural films to fruit and vegetable growers; and converter films, such as bread, heavy duty, laminating grade, master produce, compostable, shrink, and medium density films. It also provides industrial products, including garbage, compostable, and Gaylord bags; and metalized films for use in the packaging of food products, such as ground coffee, potato chip bags, and chocolate bar wrappers, as well as for use in the agriculture, insulation, and various other industries. Imaflex Inc. is headquartered in Montreal, Canada.

imaflex inc (IFX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$158.3K
Corporate Controller
Total Annual Compensation: C$130.0K
Vice-President of Operations and Director
Total Annual Compensation: --
Vice President of Marketing and Innovation
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2014.

imaflex inc (IFX) Key Developments

Imaflex Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Imaflex Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of CAD 18,716,000 compared to CAD 15,267,000 a year ago. Profit before income taxes was CAD 496,000 compared to loss before income taxes of CAD 290,000 a year ago. Profit for the period was CAD 345,000 compared to loss for the period of CAD 355,000 a year ago. Basic and diluted earnings per share was CAD 0.007 compared to basic and diluted loss per share CAD 0.008 a year ago. EBITDA was CAD 1,062,000 compared to CAD 184,000 a year ago. The company announced increase in sales in the second quarter of 2015 compared to the same period in 2014 was driven by improvements in the company's United States the expected additional business successfully materialized and contributed to improving the company's top line. For the six months, the company reported revenue of CAD 34,626,000 compared to CAD 29,690,000 a year ago. Profit before income taxes was CAD 423,000 compared to loss before income taxes of CAD 257,000 a year ago. Profit for the period was CAD 52,000 compared to loss for the period of CAD 412,000 a year ago. Basic and diluted earnings per share was CAD 0.001 compared to basic and diluted loss per share CAD 0.009 a year ago. EBITDA was CAD 1,574,000 compared to CAD 660,000 a year ago.

Imaflex Inc. Commences Commercial Production of ADVASEAL HSM

Imaflex Inc. announced the startup of production for ADVASEAL HSM, the first commercially available plastic agricultural film for the controlled release of crop protection products worldwide. The underlying platform technology is patent protected and ADVASEAL HSM has received registration by the United States Environmental Protection Agency as an herbicide for the use in asparagus, cucumbers, cantaloupes, melons, pumpkins, squash and tomatoes. As an herbicide coated barrier film ADVASEAL HSM delivers a combination of efficacy, simplicity, and safety for the control of noxious weeds, especially broadleaves and nutsedges, as well as for emission prevention of volatile fumigants applied additionally. The initially produced volume is intended for product demonstrations in the fall season of 2015 to allow selected lead customers to verify the benefits of ADVASEAL HSM in a self-test.

Imaflex Inc. Announces Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2015; Provides Production Guidance for the Second Quarter of 2015

Imaflex Inc. announced unaudited consolidated earnings results for the three months ended March 31, 2015. For the period, the company reported sales of CAD 15,910,000 against CAD 14,423,000 a year ago. Loss before income taxes was CAD 73,000 against profit of CAD 33,000 a year ago. Loss was CAD 293,000 against CAD 57,000 a year ago. Basic & diluted loss per share was CAD 0.006 against CAD 0.001 a year ago. EBITDA was CAD 512,000 against CAD 476,000 a year ago. Sales increased by CAD 1,487,000 in the first quarter of 2015 compared to 2014, due to the increased volume of sales for certain products as a result of business development efforts in 2014 that continue to positively impact the top line. Part of the increase is also explained by the important appreciation of the USD, positively impacting sales denominated in USD. However, increased production capacity that is expected to be available in the second quarter of 2015 will lead to a more streamlined process for certain products and should generate increased production efficiency.


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