VICTORIA, BC, CANADA (November 15, 2012) Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its third quarter results for the period ended September 30, 2012.
For the three months ended September 30, 2012, the Company recorded a net loss of $0.8 million on revenues of $6.7 million. Total third quarter 2012 revenues were down $1.8 million over the same period in 2011. The net loss is primarily driven by lower revenues recognized in the current quarter.