Inverpower Controls Announces Third Quarter 2000 Results
Inverpower Controls Ltd. (Toronto) has announced their operating results for the third quarter of fiscal 2000 and for the nine month period ending April 30, 2000.
Consolidated third quarter revenues were $2.7 million, compared to $8.5 million for the same period in the previous year. Consolidated YTD revenues were $8.3 million, compared to $22.2 million in the previous year. The company claims that revenues have been impacted by slow orders for the company's heavy industrial products in the metals and chemicals industries.