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Automodular Corporation Announces Second Quarter 2016 Results


/EINPresswire.com/ -- PICKERING, ONTARIO -- (Marketwired) -- 08/04/16 -- Automodular Corporation ("Automodular") (TSX VENTURE: AM.H) reports a net loss of $(0.3) million or $(0.02) per share for the quarter ended June 30, 2016 compared to a net loss of $(0.1) million or $(0.00) per share in the same period in 2015. For the six months ended June 30, 2016 and 2015, Automodular reports a net loss of $(0.6) million and a net loss of $(1.7) million or $(0.05) and $(0.09) per share, respectively.

The results for the first half of the year are summarized below (all figures in '000s except per share amounts):



                       Three months ended June 30  Six months ended June 30
                               2016          2015         2016         2015
                                  $             $            $            $
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Sales                             -             -            -            -
Net earnings (loss)            (300)          (76)        (635)      (1,719)
Per share (basic)             (0.02)        (0.00)       (0.05)       (0.09)
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Automodular's interim consolidated financial statements and Management Discussion and Analysis for the period ended June 30, 2016 will be filed on SEDAR on or about August 9, 2016.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Automodular Corporation
Christopher S. Nutt
President and CEO
(905) 420-0200
invest@automodular.com


Distribution channels: Automotive