Carmanah Sees Profits

Thursday, March 10, 2005

VICTORIA -- Victoria's Carmanah Technologies reported Wednesday net earnings of $592,823 for 2004, up from a loss of $126,394 in 2003.

Carmanah said audited results showed annual revenue of $15.9 million up 72 per cent from 2003's $9.2 million. Increasing demand within the aviation and transit markets generated revenues in excess of $7 million in 2004, representing a 112-per-cent increase over 2003.

Carmanah makes and sells solar-powered LED lighting products to the marine, aviation, transit and roadways markets.