Smart phones push up sales at Glentel by 62%

BURNABY – First quarter sales more than doubled at Glentel, driving up profits by more than $2 million.Consolidated sales for the quarter ended March 31, 2011 jumped 62% to $121.6 million, compared to $74.8 million in the same period of 2010. The multi-carrier wireless retailer reported net income of $4.75 million, up from $2.33 million year-over-year.“We are pleased with the significant growth in sales and profitability of the company in the 1st quarter, resulting from the stellar contribution of both the Retail Canada division and our recently acquired Retail U.S. division," said president and CEO Thomas Skidmore, in a statement.Sales of...