Back-to-school sales boost Q3 sales at Glentel

BURNABY – The busy back-to-school season helped drive up sales 18% year-over-year at Glentel.The wireless retailer reported sales for its third quarter ended September 30th were $96.9 million, up from $81.9 million in the same period of 2009, while income before interest, taxes and amortization was $11.2 million compared to $10.4 million.Operating income before interest and taxes for the three months was $9.2 million compared to $8.8 million last year, while net income was $6.5 million, up from $5.8 million."We are delighted to report increased sales and earnings performance in our third quarter that included significant sales from back-to-school activity”, said president and...