QuestAir Technologies declares strong Q1 2009


Rising revenue, profitability and growing margins appear to have provided a strong start to the new fiscal year for QuestAir Technologies.

Reporting strong financial and operational results for the first quarter of fiscal 2009, ended 31st December 2008, QuestAir revealed a number of highlights for the period.

A developer and supplier of proprietary gas purification systems for several large international markets, QuestAir enjoyed the first profitable quarter in the company’s history.

Net income totalled $692,951 for the quarter (all amounts in Canadian dollars), compared to a loss of $2.390m in the same period in fiscal 2008. Higher revenue and margins, lower operating costs, and foreign exchange gains all contributed to this significant improvement in earnings.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...