Deltron Inc. engages in the acquisition of profitable businesses and established market positions. The company’s wholly owned subsidiaries include Elasco, a product manufacturing company, and Deltron, a developer of proprietary closed circuit rebreather technology for scuba diving systems. The company today reported Elasco’s second-quarter financial results for the quarter ended June, 30, 2010.
Elasco engages in mold and tooling design, manufacturing, proprietary polymer mixing, custom casting and plastic injection molding. The company generated revenues of $854,999 for the three months ended June 30, 2010, up 56.4 percent compared to revenues of $546,503 for the comparable quarter of 2009.
For the six-month period ended June 30, 2010, Elasco generated revenue of $1,458,501, a 60.7-percent increase compared to revenue of $907,152 for the same period in 2009. For the 12 months ended December 31, 2009, the company generated $2,023,000 in revenue and EBITDA of $127,700.
Henry Larrucea, Deltron CEO, said various contingencies contributed to the strong performance, including increased demand and new products.
“Factors including strong demand from customers in the recreational products industry, the expansion of our customer base, the introduction of several new products, improved operational efficiency and reduced costs from increased productivity, and continued overall economic recovery have propelled our second quarter performance. Deltron is pleased to post another quarter of increased revenue and market penetration and anticipates additional growth this year,” Larrucea stated in the press release.
For more information visit www.dtro.com
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