Business
Bonal International, Inc. Posts Strongest Year-End Results Yet
Bonal International, Inc. Posts Strongest Year-End Results Yet.
About this update from Bonal International, Inc.
[{"type":"text","content":"Strong Momentum Continues for Fourth Consecutive Year with 53.6 Percent Net Income Increase, 25 Percent Revenue Increase and 84 Percent Shareholder Equity Increase \n\nBonal International, Inc. (OTC: BONL) today announced consolidated financial results for the fiscal year ended March 31, 2008 with strong momentum for the fourth consecutive year, posting its strongest results in the 24-year history of the company. In 2008, Bonal reached an all time high in net sales, which were up 25 percent from last year. In addition, Bonal increased its gross profit, operating income and net income significantly more than its increase in sales.\n\nIn the year ended March 31, 2008, Bonal International, Inc. again posted a strong set of results, with net sales up by 25 percent to $2,545,923 and before tax income at a strong $783,168, compared to a before tax profit of $490,653 last year. Bonal's healthy profit has increased stockholder equity by 38 percent, the highest it has been at $1,468,464 or $0.88 per share. Assets increased 36 percent to $1,849,550 or $1.11 per share. Working capital increased 38 percent. \n\nNet income after tax is $523,168 or $0.31 per share compared to a net income of $340,653 or $0.21 per share last year, a per share increase of 47.6 percent. \n\nFourth quarter revenue for Bonal International increased 23% from $607,925 at March 31, 2007 to $747,917 at March 31, 2008. Bonal's fourth quarter net income is $134,976 up 107% from $65,304 last year. Bonal's per share net income for the quarter is $0.06 compared to $0.02 last year. Earnings per share for the year went from $0.21 last year to $0.31 per share. \n\n4th Quarter ending March 31,\n2008\t\t\nRevenue: $747,917 \nNet income: 134,976\t \nEarnings per share: $0.08\n\n2007\t\t\nRevenue: $607,925 \nNet income: 65,304\t \nEarnings per share: $0.04\n\nFiscal Year ending March 31, \n2008\t\t\nRevenue: $2,545,923 \nNet income: 523,168\t\nEarnings per share: $0.31\n\n2007\t\nRevenue: $2,031,598 \nNet income: 340,653\t\nEarnings per share: $0.21\n\n\"We are pleased to see our profit continue to increase as it has over the past four 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 shareh...