Omni-Lite auto division drives 2003 sales to new record|
Omni-Lite Industries Canada Inc.
January 9, 2004
Unaudited total revenues (including rental) for 2003 were approximately $3-million (U.S.). This represents a 28-per-cent increase over revenues in 2002. In 2003, sales were led by the automotive division, which increased 84 per cent over 2002 and were followed by the aerospace division with an increase of 48 per cent over the same period. The military division finished the year strongly with 43-per-cent increase over 2002.
With a record fourth quarter, Omni-Lite finishes 2003 with a new sales record," stated David F. Grant, president and chief executive officer. "With many new projects planned for 2004, Omni-Lite should continue to grow at a healthy pace."
Omni-Lite has repurchased 450,000 common shares under the normal course issuer bid in 2003.
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