MTI Global posts net loss and 7.5 percent drop in sales for Q2

Mississauga, Canada – MTI Global Inc. posted a C$210 000 (€146 444) net loss for the second quarter of the year and a modest C$115000 net profit for the first six months on the back of currency fluctuations and delivery delays.

The Canadian silicone manufacturer also suffered a 7.5 percent drop in sales for the quarter to C$15.2 million but boosted first-half revenues by 1.1 percent to C$31.4 million.

The company blamed the flat sales on a weaker US dollar and Euro, compared to last year.

”The second…

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