WATKINS, MN--(Marketwired - May 16, 2013) - International Barrier Technology Inc. ("Barrier") (
Total sales revenue generated for the fiscal year-to-date period (July - March) was $3,569,279, a 15% increase from the same period ending in 2012. Barrier generated cash flow of $165,948 for the current nine-month period vs. a loss of $160,500 in the comparable period in 2012.
Shipments, measured in treated square footage of panels shipped, increased by 38% to 3,624,800 sq. ft. for the quarterly period from 2,618,800 sq. ft. shipped Jan-Mar 2012. Of these total volume shipments, sales into both of the major markets served grew significantly. Residential Roof Deck/Wall Assembly/Structural Insulated Panel markets grew 48%, while shipments into the Commercial Modular Market grew 15%.
"Improved sales volume has translated into profitability for the company," reports Dr. Michael Huddy, Barrier's CEO. "We are pleased not only by improving market conditions for building in the US, but also by how Barrier's relationships with industry leaders is creating improved market share for our fire rated building products."
About International Barrier Technology Inc.
International Barrier Technology Inc. (
INTERNATIONAL BARRIER TECHNOLOGY INC.
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Michael D. Huddy
President, Director
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Contact Information:
Melissa McElwee
CFO
International Barrier Technology
(800) 638-4570
For more information please visit:
www.intlbarrier.com