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Glentel Inc. reports Q4 earnings of $5M up from $897,000 in Q4 of 2008

March 11, 2010 | CP story

BURNABY, B.C. - Glentel Inc. (TSX:GLN) said Wednesday that it earned $5 million, or 46 cents per share for the three months ended Dec. 31.

That compares with a profit of $897,000, or eight cents per share, for the same period in the previous year.

Net earnings for the year were $16 million, up from $9.5 million in 2008.

Sales in the quarter totalled $90.8 million, up from $87.5 million.

Sales for the year were $308 million, up from $289 million the previous year.

Glentel provides telecommunications services in Canada and the United States.

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