Business
Bonal International Reports Second Quarter Results for Fiscal 2014
Bonal International Reports Second Quarter Results for Fiscal 2014.
About this update from Bonal International, Inc.
[{"type":"text","content":"\n\n\n\nFOR IMMEDIATE RELEASE\n\nContact: A. George Hebel\n\n\n Toll Free:\n\n800.638.2529 \n\n\nInternational:\n\n248.582.0900\n\n\nEmail:\n\[email protected]\n\nBonal International Reports Second Quarter Results for Fiscal 2014Bonal Posts a 109 Percent Increase over First Quarter Profits\nRoyal Oak, Mich., November 14, 2013 ? Bonal International, Inc. (OTC: BONL) announced second quarter revenue results of $581,325 up 12 percent from first quarter results of $519,077. Net income was $114,148 an increase of 109 percent compared to $54,544 first quarter earnings. Earnings per share for the second quarter were $0.07 compared to $0.03 for the first quarter.\n?Year to date earnings compared to last year were less robust. The looming government shutdown and the debt ceiling controversy took a toll on September sales and revenue,? said A. George Hebel, Chairman of Bonal International, Inc. ?In the second quarter efforts were in line for high return but were effected by companies that backed off a bit due to the government uncertainty.? \nSix month revenue was $1,100,402, down six percent from last fiscal year?s first six months. The six month net income was $168,692 down twenty-nine percent from last year's results. Likewise, the six month earnings were $0.10 per share down from $0.14 per share last year. \nContinuing the first quarter trend new customer sales accounted for 62 percent of sales by unit volume. Bonal International, Inc. Reports Second Quarter Results \n \n\n\n\n\nSecond Quarter Ending September 30,\n\n\n \n\n2013\n\n2012\n\n\nRevenue\n\n$581,325\n\n$747,048\n\n\nNet Income\n\n114,148\n\n201,196\n\n\nEarnings Per Share\n\n0.07\n\n0.12\nNote: This table contains unaudited results.\n\n\n\n\nSix Months Ending September 30,\n\n\n \n\n2013\n\n2012\n\n\nRevenue\n\n$1,100,402\n\n$1,169,653\n\n\nNet Income\n\n 168,692\n\n 237,152\n\n\nEarnings Per Share\n\n0.10\n\n0.14\nNote: This table contains unaudited results.\nThe Bonal International, Inc. 2013 Annual Report can be found at www.bonal.com/invest/invest.html \nBonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the world?s leadin...