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Last C$0.43 CAD
Change Today -0.02 / -4.44%
Volume 4.0K
As of 1:44 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

imaflex inc (IFX) Snapshot

Open
C$0.43
Previous Close
C$0.45
Day High
C$0.43
Day Low
C$0.43
52 Week High
12/3/14 - C$0.55
52 Week Low
05/26/14 - C$0.24
Market Cap
21.3M
Average Volume 10 Days
16.9K
EPS TTM
--
Shares Outstanding
49.6M
EX-Date
05/18/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMAFLEX INC (IFX)

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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: --
Compensation as of Fiscal Year 2013.

imaflex inc (IFX) Key Developments

Imaflex Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Imaflex Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of CAD 15,857,000 against CAD 13,866,000 a year ago. Profit before income taxes was CAD 611,000 against loss before income taxes of CAD 49,000 a year ago. Profit was CAD 231,000 against loss of CAD 184,000 a year ago. Basic and diluted earnings per share were CAD 0.005 against basic and diluted loss per share of CAD 0.004 per share a year ago. EBITDA was CAD 1,218,000 against CAD 397,000 a year ago. Sales increased mainly due to the increase in packaging film sales in both the US and the Canadian operations as well as the increase in sales of garbage bags. Net income increased in the fourth quarter of 2014 compared to 2013 mainly due to the improvement of the efficiency of the operations as well as a reduction of the administrative and selling expenses and the positive impact of foreign exchange movements. For the year, the company reported sales of CAD 60,861,000 against CAD 56,052,000 a year ago. Profit before income taxes was CAD 675,000 against CAD 676,000 a year ago. Loss was CAD 7,000 against profit of CAD 207,000 a year ago. Basic and diluted loss per share was CAD 0.0002 against basic and diluted earnings per share of CAD 0.005 per share a year ago. EBITDA was CAD 2,668,000 against CAD 2,332,000 a year ago. Sales increased mainly explained by the higher average selling price of film, due to the product mix sold and the appreciation of the USD against the CAD over the year. Over the year, net income decreased, mainly as a result of higher amortization of production equipment, selling and administrative expenses, finance costs and income taxes. The increase in these expenses was partially offset by the positive impact of foreign exchange movements.

Imaflex Inc. Provides Revenue Guidance for the Year Ended December 31, 2014

Imaflex Inc. provided revenue guidance for the year ended December 31, 2014. The company anticipates top-line revenue of approximately $60 million for the year ended December 31, 2014, as compared to $56 million in 2013.

Imaflex Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Imaflex Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, sales were CAD 15,314,000 against CAD 15,203,000 a year ago. Profit before income taxes was CAD 321,000 against loss before income taxes of CAD 96,000 a year ago. Profit was CAD 174,000 against loss of CAD 235,000 a year ago. Basic and diluted earnings per share were CAD 0.004 against loss per share of CAD 0.005 a year ago. The increase is mainly attributable to the important foreign exchange gain realized during the third quarter of 2014 compared to the foreign exchange loss in the third quarter of 2013, which more than offset the other items which negatively impacted profitability. EBITDA was CAD 790,000 against CAD 326,000 a year ago. For the nine months, sales were CAD 45,004,000 against CAD 42,186,000 a year ago. This increase is mainly explained by the higher average selling price of film and the appreciation of the USD against the CAD over the nine-month period as well as increased volumes of packaging film sales in the first quarter of 2014. Profit before income taxes was CAD 64,000 against CAD 725,000 a year ago. Loss was CAD 238,000 against profit of CAD 391,000 a year ago. Basic and diluted loss per share were CAD 0.005 against earnings per share of CAD 0.009 a year ago. This is mainly due to the lower gross profit, the increase in selling and administrative expenses and finance costs, which was only partially offset by the larger foreign exchange gain and the lower income tax expense. EBITDA was CAD 1,450,000 against CAD 1,935,000 a year ago.

 

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