69% Growth for Hemisphere GPS25/10/2007 |
| For the third quarter 2007, Hemisphere GPS reported revenues of $9.5 million, an increase of 69% as compared to $5.6 million in the third quarter of 2006. Sales increased in all product areas. Strong growth in North American and international markets was driven by increased cash flow within agricultural operations. |
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Hemisphere are experiencing very strong momentum in key markets: air, marine and agriculture. International sales increased significantly in the third quarter including South America and Australia which benefited from higher commodity prices earlier in 2007 following the Southern Hemisphere harvest. International sales delivered healthy growth of 92% (103% in US dollars) in the third quarter compared to 2006.
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