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ExelTech Aerospace reports fiscal second quarter net loss of CAD252,781

Posted on: Fri, 27 Nov 2009 06:50:00 EST

Symbols: EXROF, XLT

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Nov 27, 2009 (AIRLINE INDUSTRY INFORMATION via COMTEX) --
XLT | Quote | Chart | News | PowerRating -- ExelTech Aerospace Inc (TSX Venture: XLT), an aircraft maintenance,
repair and overhaul provider, announced on Thursday that it recorded a
net loss of CAD252,781 for the fiscal second quarter ended 30 September
2009.

This is compared to a net loss of CAD16.7m for the same period of last
year. Results for the quarter ended 30 September 2009 include a gain on
foreign currency exchange of CAD566,919, compared to a loss of
CAD783,608 for the corresponding period of the prior year.

Revenues for the quarter totalled CAD12.3m, an increase of 36.5%
compared to revenues of CAD9.0m for the fiscal second quarter ended 30
September 2008.

(USD1=CAD1.07)

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