Iplayco Corp (CVE:IPC) rose to a new 52-week high on Wednesday as the maker of children's play structures continues to ramp up orders.
The company announced yesterday two more sales agreements amounting to C$1.2 million to design, manufacture and install large indoor play equipment for a customer in the Middle East. This comes on top of C$1.6 million in orders from Western Asia announced last month and three orders for C$1.9 million in February for customers in the Middle East.
Iplayco, which sees its strong growth tide continuing as it looks to expand to the BRIC nations, has seen its share price double in the last 12 months. Its stock is up 37% since the beginning of the year, surging to a new annual high of 95 cents on Wednesday.
"We are very pleased to announce that we have entered into these two new sales agreements, which are expected to be substantially realized in the operating results of the second half of our fiscal year ending September 30, 2014," said president and director Scott Forbes in a release announcing the deals on Tuesday.
Iplayco, which ranked among the top 10 best performing companies in the diversified industries sector on the TSX Venture Exchange last year, has sold play structures to over 50 countries and to 16 different markets, including family entertainment centres, theme parks, shopping malls, restaurants, hospitals, zoos, churches and more. It also owns and operates a family entertainment centre, called The Great Escape, in Langley, British Columbia, where Iplayco is headquartered.
Iplayco grew sales by over 46% last year, while net income also rose substantially. The Langley, British Columbia-based company can attribute its overall success in 2013 to large orders from mall owners, especially in the Middle East, from where Iplayco received five $1 million plus orders, alongside an almost $2 million project from The Children's Museum in Las Vegas. Reported by Proactive Investors 5 hours ago.
The company announced yesterday two more sales agreements amounting to C$1.2 million to design, manufacture and install large indoor play equipment for a customer in the Middle East. This comes on top of C$1.6 million in orders from Western Asia announced last month and three orders for C$1.9 million in February for customers in the Middle East.
Iplayco, which sees its strong growth tide continuing as it looks to expand to the BRIC nations, has seen its share price double in the last 12 months. Its stock is up 37% since the beginning of the year, surging to a new annual high of 95 cents on Wednesday.
"We are very pleased to announce that we have entered into these two new sales agreements, which are expected to be substantially realized in the operating results of the second half of our fiscal year ending September 30, 2014," said president and director Scott Forbes in a release announcing the deals on Tuesday.
Iplayco, which ranked among the top 10 best performing companies in the diversified industries sector on the TSX Venture Exchange last year, has sold play structures to over 50 countries and to 16 different markets, including family entertainment centres, theme parks, shopping malls, restaurants, hospitals, zoos, churches and more. It also owns and operates a family entertainment centre, called The Great Escape, in Langley, British Columbia, where Iplayco is headquartered.
Iplayco grew sales by over 46% last year, while net income also rose substantially. The Langley, British Columbia-based company can attribute its overall success in 2013 to large orders from mall owners, especially in the Middle East, from where Iplayco received five $1 million plus orders, alongside an almost $2 million project from The Children's Museum in Las Vegas. Reported by Proactive Investors 5 hours ago.