Business
Bonal International, Inc. Net Income Increases 155 Percent for the December Quarter on a Revenue Increase of 41 Percent
Bonal International, Inc. Net Income Increases 155 Percent for the December Quarter on a Revenue Increase of 41 Percent.
About this update from Bonal International, Inc.
[{"type":"text","content":"Bonal International, Inc. Net Income Increases 155 Percent for the December Quarter on a Revenue Increase of 41 Percent\n\nShareholder Equity Increases 34 Percent\n\nBonal International, Inc.(OTC: BONL) today announced nine month and third quarter ending December 31, 2007 unaudited results. \n\nYear to date, shareholder equity is up 34% from last year and nine month revenue increased 26%. Net income increased by 41% at the nine month period. \n\nQuarterly revenue for Bonal International increased 41% from $421,339 at Dec. 31, 2006 to $594,917 at Dec. 31, 2007. Bonal's third quarter net income is $97,468 up 155% from $38,126 last year. Bonal's per share net income for the quarter is $0.06 compared to $0.02 last year. Earnings per share year to date went from $0.16 last year to $0.23 per share at Dec. 31, 2007. \n\n3rd Quarter ending Dec. 31, \n2007 \nRevenue $594,917 \nNet income 97,468 \nEarnings per share 0.06 \n\n2006\nRevenue $421,339\nNet income 38,126\nEarnings per share 0.02 \n\nNine Months ending Dec. 31, \n2007 \nRevenue $1,798,006 \nNet income 388,192 \nEarnings per share 0.23 \n\n2006\nRevenue $1,423,673\nNet income 275,353\nEarnings per share 0.16\n\n\"We are pleased to see our profit continue to increase as it has over the past three years,\" said A. George Hebel, III, chairman and president of Bonal International. \"It is Bonal's goal to help our customers become more 'green' or environmentally friendly and lower their carbon footprint while continuing to increase our shareholder value. Bonal's product lines can help to reduce energy consumption by 98 percent compared to natural-gas-fired heat treatments as shown by research conducted by the U.S. Department of Energy.\" \n\nBonal International Inc. through its wholly owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic technology for metal improvement solutions with more than 35 years of expertise. Bonal's patented technology is an environmentally friendly, \"green technology\" that replaces some heat treating processes and reduces energy consumption by 98 percent. Bonal's patented technology and its three product lines: Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion control, are sold in the US and in more than 49 countries. Headquartered in Royal Oak, Mich., Bonal provides a ...