Last C$0.30 CAD
Change Today 0.00 / 0.00%
Volume 0.0
IFX On Other Exchanges
Symbol
Exchange
Venture
As of 2:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

imaflex inc (IFX) Snapshot

Open
C$0.30
Previous Close
C$0.30
Day High
C$0.30
Day Low
C$0.30
52 Week High
08/29/13 - C$0.50
52 Week Low
05/26/14 - C$0.24
Market Cap
13.3M
Average Volume 10 Days
0.0
EPS TTM
C$-0.0010
Shares Outstanding
44.2M
EX-Date
05/18/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IMAFLEX INC (IFX)

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imaflex inc (IFX) Details

Imaflex Inc. develops, manufactures, and sells flexible packaging materials in Canada, the United States, and internationally. It offers agricultural films for fruit and vegetable growers; converter films, including bread, heavy duty, laminating grade, coex, master produce, compostable, medium density, and shrink films; and industrial film products comprising garbage, compostable, and Gaylord bags. It also provides metalized plastic films for use in the packaging of food products, such as ground coffee, potato chip bags, and chocolate bar wrappers, as well as for use in agriculture, insulation, and various other industries. The company is headquartered in Montreal, Canada.

imaflex inc (IFX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$158.3K
Corporate Controller
Total Annual Compensation: C$130.0K
Vice-President of Operations and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

imaflex inc (IFX) Key Developments

Imaflex Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Imaflex Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of CAD 15,267,000 compared to CAD 14,186,000 a year ago. Loss before income taxes was CAD 290,000 compared to profit before income taxes of CAD 521,000 a year ago. Loss for the period was CAD 355,000 compared to profit for the period of CAD 396,000 a year ago. Basic and diluted loss per share was CAD 0.008 compared to basic and diluted earnings per share CAD 0.009 a year ago. EBITDA was CAD 184,000 compared to CAD 916,000 a year ago. The increase in sales is mainly attributable to an improvement in the product mix as well as a shift in market dynamics which resulted in an increased average sales price per pound. The profit decreased mainly due to the large negative impact of foreign exchange as well as the increase in selling and administrative expenses. For the six months, the company reported Sales of CAD 29,690,000 compared to CAD 26,983,000 a year ago. Loss before income taxes was CAD 257,000 compared to profit before income taxes of CAD 821,000 a year ago. Loss for the period was CAD 412,000 compared to profit of CAD 626,000 a year ago. Basic and diluted loss per share was CAD 0.009 compared to basic and diluted earnings per share CAD 0.015 a year ago. EBITDA was CAD 660,000 compared to CAD 1,609,000 a year ago. The sales were increased due to a higher average selling price of film as well as to the stronger USD over the six-month period in 2014 compared to 2013.

Imaflex Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Imaflex Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of CAD 14,423,000 against CAD 12,797,000 a year ago. Profit before income taxes was CAD 33,000 against CAD 300,000 a year ago. Loss was CAD 57,000 or CAD 0.001 per share against profit of CAD 230,000 or CAD 0.005 per share a year ago. EBITDA was CAD 476,000 against CAD 693,000 a year ago. The variance in net income is mainly explained by a decrease in the gross margin as well as increases in selling and administrative expenses and income taxes. These were offset by an increase in the foreign exchange gain during the first quarter of 2014 compared to 2013.

Imaflex Inc., Annual General Meeting, Jun 18, 2014

Imaflex Inc., Annual General Meeting, Jun 18, 2014., at 14:00 US Eastern Standard Time. Location: the offices of Lavery, de Billy, L.L.P. Agenda: To receive the corporation's audited consolidated financial statements for the year ended December 31, 2013 and the related report of the auditors; to elect the corporation's directors; to appoint the auditors of the corporation for the ensuing year, and authorize the directors to fix their remuneration; and to transact such other business as may properly be brought before the Meeting or at any adjournment thereof.

 

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