Business
WestBond Reports Financial Results for the Year ended March 31, 2025
DELTA, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- WestBond Enterprises Corporation (TSX-...
About this update from Westbond Enterprises Corporation
[{"type":"text","content":"WestBond Reports Financial Results for the Year ended March 31, 2025\n\n\n\n DELTA, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- WestBond Enterprises Corporation (TSX-V: WBE) has posted a loss of $52,380 for the year ended March 31, 2025 ($210,683 loss for the year ended March 31, 2024). The value ascribed to stock options granted during the year contributed to this small loss. Sales increased 4.9% to $9,673,002 this year compared to $9,219,948 for the year ended March 31, 2024.\n \n\n The increase in revenue is the result of an increase in sales of wipe products and air-laid napkins and parent rolls, offset by a decrease in sales of personal hygiene, clinical, and other product categories. The addition of production staff, materials handling personnel and new equipment helped reduce the inefficiencies from the previous year.\n \n\n Sales are expected to increase as we continue to manage inquiries from our current and potential customers from within Canada due to the uncertainties of tariffs from the USA. In addition, several new markets in the USA and Canada have been established in the food service industry involving major restaurant chains. The company continues to focus on this market segment, adding staff and new, high quality and competitive product lines.\n \n\n The annual report and other information is available on the company’s website at www.westbond.ca and on SEDAR+ at www.sedarplus.ca.\n \n\n For further information please contact:\n \n\n Gennaro Magistrale\n \n\n Chief Executive Officer, President and Director\n \n WestBond Enterprises Corporation\n \n 101 – 7403 Progress Way, Delta, B.C. V4G 1E7\n \n\n Tel: (604) 940-3939\n \n\n\n\n Cautionary Note Regarding Forward Looking Statements:\n \n\n\n This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the company’s intentions. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should” or “would” occur. Forward-looking...