2012 Financial Results in for IBC Advanced Alloys

IBC Advanced Alloys Corp. (TSXV:IB) reported its fiscal financial results for the year ended June 30, 2012. IBC reported that it made significant progress in improving the strength of its balance sheet in fiscal 2012 through the reduction of interest- bearing debt by $3.3 million.

Highlights include:

Record annual revenue of $25.5 million, up 13% from fiscal 2011.
Record quarterly sales of $8.5 million in the fourth quarter, up over 50% from the third quarter.

IBC, CFO, Simon Anderson, commented:

Through a systematic program of process improvement and by reaching out to new markets, we have successfully grown our business and demonstrated the ability to reliably produce and deliver high quality products. Our manufacturing operations have matured significantly in response to investments in equipment, technology and personnel over the last four years. We now look forward to reaping the benefits of these investments.

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