Cematrix Q3 Profit Falls to C$0.688 Million as Revenue Drops 22.2%

Cematrix Corp. (CEMX.TO) reported third-quarter earnings that declined from the prior-year period, with net income falling to C$0.688 million, or C$0.004 per share, from C$1.91 million, or C$0.012 per share. Revenue for the quarter fell 22.2% to C$11.91 million from C$15.31 million a year earlier, according to the company's GAAP results. The results reflect lower top-line performance compared with the same period last year, with both earnings and per-share profit contracting.