Canadian technical textiles manufacturer ADS Inc. has recorded its financial results for the first quarter, ended April 30, which shows that sales during this period totalled $11.6 million, a decrease of $820,000 or 6.6% compared with the first quarter of the preceding year.

The company estimates that the appreciation of the Canadian dollar had a negative impact of approximately $400,000 on sales this quarter.

During the quarter the company recorded a net loss of $116,000, compared with net earnings of $330,000 for the same three-month period a year earlier.