Wireless retailer records huge growth

BURNABY - Sales for the third quarter grew 32%, to $61.3 million at Glentel, Canada’s largest independent wireless retailer (WirelessWave, Tbooth, etc.), the company reported this week. Operating income before interest and taxes increased to $7.04 million for the quarter ended September 30, 2007. Net income for the quarter increased 125% to $4.43 million, $0.42 per share, compared to $2 million, or $0.19 per share, for the same quarter in 2006. Sales for the nine months ended September 30, 2007 increased 21%, to $152.7 million while operating income before interest and taxes increased to $9.3 million compared to $4.65 million...