Q2 results show "continued recovery", says Vecima

VICTORIA – Despite a 24% drop in sales over last year, Vecima said that its second quarter results show continued recovery from the effects of the worldwide recession.In the three months ended December 31, 2009, total sales decreased to $28.0 million, compared to $36.9 million for the same period in 2008. But the manufacturer and cable operator said it is “well positioned to capitalize on opportunities as macroeconomic conditions continue to improve”."Vecima's second quarter results show continued recovery," said chairman and CEO Dr. Surinder Kumar, in a statement. "In the last six months, our sales increased 39% as compared to...