Tuesday, April 8, 2008

5N Plus Third Quarter Sales Up 50.5%, Profit Doubles; Webcast Today 10:00 AM EDT (VNP.TO; FSLR)

From RTT News:

4/7/2008 7:59:56 PM Monday, 5N Plus Inc. (VNP.TO) reported net income of C$2.27 million or C$0.06 per share for the third quarter of fiscal 2008, compared to C$0.80 million or C$0.03 per share in the last year quarter.Third quarter sales climbed 50.5% to C$8.36 million from C$5.55 million in the same quarter last year....

From the press release:

...This is largely the result of a continuing and increasing demand for our products in the photovoltaic market,and to a lesser extent in the radiation detector market, combined with improvements in operating performance which have led to increased production throughput.

We are also making steady progress at our new Eisenhuttenstadt plant in Germany, the construction of which is now almost completed. Althoughwe have experienced some minor delays in the delivery of the building, we continue to expect the plant to be operational by the end of July 2008 inaccordance with our contractual obligations towards our customers." Mr. L'Ecuyer concluded, "Aside from providing us with means for fundingthe construction of our German facility, our recent IPO has significantlyraised our profile and exposure, creating a number of new potential growthopportunities that we hope to take advantage of in the future. Our IPO hasalso enabled us to increase and promote, through direct stock purchases andour stock option plan, employee ownership, an important component of ourcorporate strategy."

Webcast Information
The Company will host a conference call at 10:00 AM Eastern Time on Tuesday, April 8, 2008 with financial analysts to discuss the third quarterf inancial results. The telephone numbers to access the conference call are 800-733-7560, 416-644-3414 or 514-807-8791. All interested parties are also invited to participate to the live broadcast on the company's Web site at www.5nplus.com. A replay of the webcast and a recording of the Q&A will be available until April 22, 2008.


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More detailed information at SEDAR.
Right now VNP's filing is in SEDAR's "New Filings" This link might work, otherwise go in through sedar.com and use the search feature.