Cable / Telecom News

Q1 sales at Glentel up 11%

BURNABY, BC – Despite a slight dip in profits, sales were up 11% at Glentel for its first quarter ended March 31, 2010.Net income for the three month period was $2.33 million, compared to $2.42 million in 2009, while income before interest, taxes and amortization was $5.30 million compared to $5.06 million last year. Operating income before interest and taxes for the quarter was $3.41 million compared to $3.51 million year-over-year."We are pleased with the growth in sales of the company in the first quarter, and with the contribution of both the Retail and Business divisions," said president and CEO Thomas...