Carmanah ‘has turned the corner’

August 14, 2008
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Calling it another step in a transition year for the company, Carmanah Technologies CEO Ted Lattimore used the platform of its second-quarter results announcement to say the Victoria firm is starting to turn a corner.

“We are not yet the torrid growth machine we are all looking forward to, but we are building strength in all areas — financial performance and stability, production and development and developing strategic alliances, and sales and marketing cohesion,” Lattimore said.

“Two positive quarters does not quite a trend make, although management is clearly encouraged by having the opportunity to report a second successive outcome of our strategy.”

Carmanah reported sales growth of 13.2 per cent in the second quarter of 2008 compared to the same time in 2007, with $15.7 million in sales led by solar-powered LED lighting…

Full story at Times Colonist online