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BONL Bonal International Inc (PK)

0.66
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bonal International Inc (PK) USOTC:BONL OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.66 0.0101 1.48 0.00 13:26:26

Bonal International, Inc. Announces 35.7% Increase in Net Revenue at Six Month

28/10/2005 4:39pm

PR Newswire (US)


Bonal (PK) (USOTC:BONL)
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From Jul 2019 to Jul 2024

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ROYAL OAK, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL) today announced the results for the sixth month period ending September 30. Bonal recorded a 35.7% increase in net revenue of $918,035 in 2005 compared to $676,759 at the same time last year. Income before federal income taxes was $217,593 versus $134,440 last year, representing a 62% increase in profit. Net income after tax is $152,593 versus $105,440 last year, an increase of 44.7%. Unit sales volume has seen a 79% increase due to an increased volume of lower priced units sold in the first half of the year compared to last year in same six month period. Foreign sales are continuing to be strong at 38.5% of unit volume. "Our subsidiary, Bonal Technologies is continuing to grow in both US and foreign sales. We are happy with our results," said A. George Hebel, III, chairman of Bonal International. "We're also pleased to report that our new products Black Magic(R), for distortion control, and Pulse Puddle Arc Welding(R) are continuing to represent a good portion of our growth." Bonal Technologies, Inc., a subsidiary of Bonal International, Inc. (OTC:BONL) is the world's leading provider of sub-harmonic stress relief technology for metal improvement solutions with more than 35 years of expertise. Headquartered in Royal Oak, Mich., Bonal Technologies, Inc. provides solutions to prevent distortion and cracking of metal components. 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 49 countries. The company serves customers in a wide range of industries -- aerospace, automotive, construction equipment, defense/homeland security, die casting, engine building/racing, foundries, machine tool/mold making, mining, petroleum, power, plastic molding, shipbuilding, structural steel construction, steel producers and welding/fabricating industries. More information on Bonal can be found at http://www.bonal.com/ . DATASOURCE: Bonal International, Inc. CONTACT: Janine M. Krasicky, +1-248-542-3991, or +1-248-514-4558 (mobile), or Jennifer Knoll, +1-248-546-2130, or +1-248-514-1418 (mobile), both of J9 Media Solutions LLC Web site: http://www.bonal.com/

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