VANCOUVER -- Pacific Insight Electronics' fiscal fourth quarter revenues rose 8.3% year-over-year to C$33.9 million.

It was the EMS company's second-best quarterly revenue performance.

For the period ended Jun. 30, EBITDA was C$4.4 million, up from C$4.31 million last year.

Net income for the period was C$2.22 million, flat with the prior year. For the year, net income was down C$2 million to C$7.8 million.

On Aug. 1, the company entered a definitive agreement with Methode Electronics under which Methode will acquire all outstanding common shares of the Pacific Insight in an all-cash transaction for total consideration of approximately $144 million. The transaction is expected to close on or about Oct. 3.

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