Business
GROUPE ATHENA, INC. POSTS YEAR END FINANCIALS, BETTERS PREVIOUS RECORD BY 15%, MARKS 5TH CONSECUTIVE DOUBLE DIGIT GAIN IN ANNUAL REVENUE
GROUPE ATHENA, INC. POSTS YEAR END FINANCIALS, BETTERS PREVIOUS RECORD BY 15%, MARKS 5TH CONSECUTIVE DOUBLE DIGIT GAIN IN ANNUAL REVENUE.
About this update from Ayujoy Herbals Ltd.
[{"type":"text","content":"Groupe\nAthena, Inc. (Pink sheets GATA.PK) has posted the results for their fiscal year\nending June 30, 2014. Annual revenue for the period was $65,189,762 which is an\nincrease of more than 15% over the previous record fiscal year and represents\nan amazing 5th consecutive\ndouble digit increase in annual revenue. EBITDA for the year was also a record\n$10,938,698 and net after tax income for the period was $6,501,645 or $.14 per\nshare. \n\nCurrent assets continue to remain strong at $14,988,476 and\ntotal assets minus liabilities are $22,196,645 or $.47 per common share.\n\nCompany chairman, D. Purohit stated “ We are very proud to be\nable to maintain our strong growth path while still being able to internally finance and entertain new and\ndeveloping revenue strategies. I truly\nbelieve our current research and development efforts will enable Groupe Athena,\nInc. to become even more dynamic within our industry for many years to come.”\n\nThe company reports that though they are presently committed\nto funding all expenditures with internally generated funds, they may seek\ninvestment banking partners in the future to capitalize on specific growth\nopportunities to benefit the shareholders of GATA.\n\nTo review the complete quarterly report please go to www.otcmarkets.com/stock/GATA/quote\nand click on “Financials”\n\nThe Indian pharmaceutical industry is increasingly\nfocusing on exports to the United States and GATA is well positioned to help\nthem get their products approved by the FDA for sales in the US. All of these\nare potential clients and the Company believes it has an advantage over\ncompetitors due to the facilities based in India, and their ability to deliver\nquick feedback to clients that could result in expedited order generation. With\nrecent additions to equipment, the company will continue to take on additional\ncontracts and continue to anticipate further growth.\n\n \n\nAbout Groupe Athena, Inc.\n\n \n\nGroupe Athena Inc. was incorporated in June 2008 and\nbegan operations on July 1 of that year. The company is a research and testing\norganization and helps various pharmaceutical and medical products and devices\ncompanies in India and Southeast Asia to get regulatory approvals and\nfacilitate exports of their products to the United States. The Company\naccomplishes this by a...