Vancouver's Versatile Systems Inc. (TSX-V:VV) reported an 8.1% increase in quarterly revenue and net profits of more than a half million dollars for its second quarter ending December 31, 2007.
Second-quarter revenue for the developer and manufacturer of sales and distribution computer systems rose to $18.5 million from $17.1 million in the same period last year. Net earnings for the quarter increased to $686,299, up from $178,828 in the previous year's second quarter.
The company has been focusing on improving profitability through sales of higher margin products.
Versatile's share price range during the past week: between $0.18 and $0.195; 52-week high: $0.75; 52-week low: $0.175.