CV Technologies Inc. Announces Strong Return to Profitability and Double Digit Revenue Growth in Fiscal 2008
EDMONTON, ALBERTA--(Marketwire - Jan. 12, 2009) - CV Technologies Inc. (TSX:CVQ) today announced that revenue for the fiscal year ended September 30, 2008 rose 17.5% to $49.4 million from $42.0 million in fiscal 2007. Net earnings increased to $4.6 million ($0.04 per common share) in fiscal 2008, a $14.4 million improvement from the fiscal 2007 net loss of $9.8 million ($0.09 loss per common share).