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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 0.66 0.66 0.00 01:00:00

Bonal International, Inc. Announces 55% Increase in Net Income at Six Months

10/11/2006 9:02pm

PR Newswire (US)


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

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ROYAL OAK, Mich., Nov. 10 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL) today announced the results for the sixth month period ending September 30. Bonal recorded a 9.2% increase in net revenue of $1,002,334 in 2006 compared to $918,035 at the same time last year. Income before federal income taxes was $339,225 versus $217,593 last year. Net income after tax is $237,225 versus $152,593 last year, an increase of 55.5%. Foreign sales are continuing to be strong at 35% of unit volume. "Our subsidiary, Bonal Technologies, is continuing to grow in both U.S. and foreign sales. We are happy with our results," said A. George Hebel, III, chairman of Bonal International. "Our profit surge is due to the ongoing effort to reduce expenses and buying in higher volume." 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 U.S. 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 of J9 Media Solutions LLC, +1-248-542-3991, mobile: +1-248-514-4558, for Bonal International, Inc. Web site: http://www.bonal.com/

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