Business
Bonal International, Inc. Posts Third Quarter Record in Revenue
Bonal International, Inc. Posts Third Quarter Record in Revenue.
About this update from Bonal International, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nBonal International, Inc. Posts Third Quarter Record in Revenue\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nBonal International, Inc. Posts Third Quarter Record in Revenue\n\nGood third quarter profits gives global stress relief leader eleventh consecutive profitable quarter.\n\nPR Newswire\n\nROYAL OAK, Mich., Feb. 15, 2013\n\n\n\n\n\n\n\nROYAL OAK, Mich., Feb. 15, 2013 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced a record third quarter revenue of $620,577, up 53 percent over last year's third quarter of $405,533. The revenue is the highest achieved for any third quarter for the company. Net income was $74,833, up from last year's $8,043. This is the eleventh consecutive profitable quarter for the company. Earnings per share increased to $0.04 per share from $0.005 per share last year's third quarter. Nine month figures were very strong. Revenue was up 9 percent to $1,790,230 from last year's nine month revenue of $1,648,570. Net income increased 14 percent to $311,985 from last year's nine month net income of $273,197. Likewise, earnings per share increased to $0.18 per share up from $0.16 last year's nine month earnings per share. During the quarter the board of directors issued its second and third $0.10 per share dividends of the fiscal year. \n\n\n\"Our current customers set the pace this quarter by accounting for 61 percent of the sales by volume by ordering additional equipment and referring their suppliers to us. This speaks volumes about the confidence our customers place on Bonal's patented Meta-Lax® stress relief technology and the quality and value of our equipment,\" said Thomas E. Hebel, who completed his eleventh quarter as interim president.\n\n\n\n\n\n\n\n\n\n\nThird Quarter Ending December 31\n\n\n\n\n\n\n\n\n\n\nNote: This table contains unaudited results.\n\n\n\n\n\n\n\n\n\n\n\n\n\n2012\n\n\n\n\n\n\n2011\n\n\n\n\n\n\n\n\n\n\nRevenue &nb...