Flexible Solutions International Inc reports 16% year over year increase in revenue

Posted on: Wed, 04 Nov 2009 05:00:00 EST


Symbols: FSI
Nov 04, 2009 (M2 EQUITYBITES via COMTEX) --
FSI | Quote | Chart | News | PowerRating -- Biodegradable polymers manufacturer Flexible Solutions International
Inc (NYSE Amex:FSI) (FRANKFURT:FXT) declared on Tuesday revenues of
USD2.44m for the third quarter 2009.
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This represents a growth of 16% compared to revenues of USD2.1m
generated in the third quarter of 2008.
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According to the company, the increase in sales in all product lines
indicates the possibility of a significant reversal in the short term
revenue trend for the company when compared to the revenue declines
seen during the first and second quarters.
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The company also claimed that the recent downward pressure on its
revenue due to the current economic slowdown appears to be subsiding.
Orders are increasing in all product lines and distributors face
depleted inventories.

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For full details on Flexible Solutions Inc (FSI) FSI. Flexible Solutions Inc (FSI) has Short Term PowerRatings at TradingMarkets. Details on Flexible Solutions Inc (FSI) Short Term PowerRatings is available at This Link.

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