Retail division drives sales at Glentel

BURNABY, BC – Smart phones and higher-end multimedia devices helped to drive up Glentel’s consolidated sales by 33% in its first quarter. The telecom retailer posted sales of $67.44 million for the quarter ended March 31, 2009, compared to $50.72 million in the same period last year. Operating income before interest and taxes increased to $3.51 million versus $397,000 in 2008. "We are very excited about these financial results in a quarter that is seasonally our weakest quarter of the year," said president and CEO Thomas Skidmore, in the press release. "The investment we continue to make in professional training,...