Elamex SA de CV (ELAMF.PK)

Elamex, S.A. de C.V. provides manufacturing, packaging, and distribution services for candy and nut industry. The company operates in two segments, Food Services and Real Estate. The Food services segment offers candy manufacturing, nut packing, and nut processing services. This segment also offers contract manufacturing and shelter services for U.S. candy companies. This segment distributes its products through mass merchandisers, grocery retailers, drug store chains, wholesalers, national and regional food service companies, U.S. food products companies, and U.S. based candy and confectionary companies. The Real Estate segment engages in leasing industrial buildings to third parties in Mexico. Additionally, the company has 50.1% investment in Qualcore, S. de R.L. de C.V., a joint venture company, which manufactures plastics parts and metal parts. Elamex was founded in 1973 and is headquartered in EL PASO, Texas. Elamex S.A. de C.V. is a subsidiary of Accel, S.A. de C.V.

For the 39 weeks ended 30 September 2005, Elamex, S.A. de C.V.'s revenue increased 19% to $81M. Net loss to common decreased 92% to $227K. Revenues reflect increased sales for the Food segment as a result of increased sales to customers in the commercial food service and retail classes of trade. Lower loss reflects a decrease in general & administrative costs, decreased interest expenses, an increase in other income and higher income tax provision.