VANCOUVER, British Columbia, Dec. 2, 2015 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (OTC:LXRRF) (TSX-V:LRL) ("Luxor") is pleased to provide an update on corporate activities and reports 9 consecutive quarters of profitability. Luxor's sales for the 9 month period ending September 30, 2015 were $ 2,645,607 compared to $ 2,221,118 for the same period in 2014. The net profit before other items for the 9 month period ending September 30, 2015 was $ 368,806 compared to $403,708 for the same period in 2014. The profit for other items, $ 131,592, was gain on settlement of debt for the 9 month period ending September 30, 2014.
Luxor's sales for the 3 month period ending September 30, 2015 were $ 956,985 compared to $ 867,951 for the same period in 2014. The net profit before other items for 3 month period ending September 30, 2015 was $ 161,267 compared to $ 184,395 for the same period in 2014. The profit for other items, $ 131,592, was gain on settlement of debt for the 3 month period ending September 30, 2014.
Luxor continues to invest in research and development on new products and will keep shareholders advised on existing activities and progress on new products.
As at the date of this news release, Luxor has 33,986,779 shares issued and outstanding.
About Luxor Industrial Corporation
Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products and operates in three sectors.
In the industrial sector, it manufacturers wood mat products for various applications including transmission lines, pipelines, wind farms, staging areas, boardwalks and pathways and oil and gas and mining operations.
In residential construction it manufactures and markets its patented IBS 2000® and patent pending IBS3000™ engineered floor bridging. Luxor has spent years analyzing wood-frame floor construction, establishing itself as a leading authority in wood floor performance engineering. Luxor also manufactures and markets other building components, architectural wood products and offers various custom wood cutting services.
In the commercial sector it distributes and designs engineered wood products (laminated beams) for use in large wood structures.
Luxor is vertically integrating through the acquisitions of turnkey framing companies in Canada and the United States.
Forward Looking Statements
This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Luxor Industrial Corporation Terry Lashman (800) 665-2454 (604) 684-7929 John Taylor (877) 496-4355 (604) 864-9601 www.luxorcorp.comSource:Luxor Industrial Corporation