03:48 PM EST - Dynex Power Inc. : reported first-quarter net earnings of $786,000 or $0.01 per share, compared to $1.17 million or $0.03 per share last year. Revenue declined to $10.43 million from $11 million in the same quarter a year earlier. The company noted that the decline was caused by an 8% fall in the Sterling Dollar exchange rate. In Sterling terms, Dynex's first-quarter revenue was the highest it had been for eight years. The growth reflected continued strong demand in the market place for Dynex bipolar discrete products and power electronic assemblies, offset in part by a weaker market for power modules and integrated circuits. Dynex Power Inc.
shares V.DNX are trading even at $0.61.
