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Promatek Industries Ltd. Year-End Results

MONTREAL, Nov. 26 /PRNewswire/ -- Promatek Industries Ltd., announces its financial results for its 1996 fiscal year ended June 30, 1996.

Sales for the year ending June 30, 1996 were $3,923,219 as compared to $4,885,462 for the previous year.

Net loss for the year ending June 30, 1996 was $(1,038,030) or $(0.30) per share as compared to a net loss of $(1,483,582) or $(0.43) per share for the previous year.

SOURCE Promatek Industries Ltd.
 -0- 11/26/96


/CONTACT: Mr. Harvey Kofsky Eng. President of Promatek Industries Ltd., 514-737-7747, or fax: 514-737-9155/

(PMK.)

CO: Promatek Industries Ltd. ST: Quebec IN: SU: ERN

MS -- NYTU087 -- 6111 11/26/96 13:40 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 26, 1996
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