Semiconductors Boost Photon Control Earnings
BURNABY, B.C., May 15, 2014 — Photon Control Inc. reported considerable earnings in the first quarter of 2014, powered largely by semiconductor sales.
The developer of optical measurement technologies said profit before taxes was $2.1 million, an increase of about 430 percent over the same quarter of 2013, when profit before taxes was $391,227. Its profit before taxes in the fourth quarter of 2013 was $2.3 million.
Sales of $5.8 million in the first quarter of this year represent an increase of approximately 107 percent over $2.8 million during the same period last year. Non-semiconductor orders (including analytical products, flare gas meters, fiber optic temperature sensors and spectrometers) increased by approximately 33 percent compared to the first quarter of 2013.
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