Heli Electronics Corp. Releases Third Quarter 2010 Financial Results

The most recent quarter also saw a significant increase in net income. In the three months ended September 30, 2010, Heli's net income was $2,297,472, a 290.2% increase, or $1,708,736 over its third quarter 2009 net income of $588,736. For the nine months ended September 30, 2010, Heli reported net income of $5,806,759, an increase of 253.0%, or $4,161,925 over nine months ended September 30, 2009, with results of $1,644,834. Additionally, Heli's operating income saw an increase of over 300% to $3,144,957 for the third quarter of 2010. For the nine months ended September 30, 2010, Heli reported earnings per share at $0.03 for the nine months ended September 30, 2010. For the third quarter alone, the Company reported earnings of $0.01 per share.