Wireless retailer Glentel posts solid Q2

BURNABY, B.C. – Revenue, operating income and net income all rose in the second quarter for wireless retailer Glentel.Consolidated sales for the three months ended June 30, 2010 grew 16% compared to the second quarter of 2009, to $79 million while income before interest, taxes and amortization for the three months was $7.7 million, a 43% increase. compared to $5,408,000 in 2009. Operating income and net income also rose significantly."We are delighted with the significant growth in our net income for the quarter," stated Thomas Skidmore, Glentel's president and CEO. We continue to grow in sales and profitability in both...