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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. Net Income Increases 155 Percent for the December Quarter on a Revenue Increase of 41 Percent

01/02/2008 1:43pm

PR Newswire (US)


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

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Shareholder Equity Increases 34 Percent ROYAL OAK, Mich., Feb. 1 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL) today announced nine month and third quarter ending December 31, 2007 unaudited results. Year to date, shareholder equity is up 34% from last year and nine month revenue increased 26%. Net income increased by 41% at the nine month period. Quarterly revenue for Bonal International increased 41% from $421,339 at Dec. 31, 2006 to $594,917 at Dec. 31, 2007. Bonal's third quarter net income is $97,468 up 155% from $38,126 last year. Bonal's per share net income for the quarter is $0.06 compared to $0.02 last year. Earnings per share year to date went from $0.16 last year to $0.23 per share at Dec. 31, 2007. 3rd Quarter ending Dec. 31, 2007 2007 2006 Revenue $594,917 $421,339 Net income 97,468 38,126 Earnings per share $0.06 $0.02 Nine Months ending Dec. 31, 2007 2007 2006 Revenue $1,798,006 $1,423,673 Net income 388,192 275,353 Earnings per share $0.23 $0.16 "We are pleased to see our profit continue to increase as it has over the past three years," said A. George Hebel, III, chairman and president of Bonal International. "It is Bonal's goal to help our customers become more 'green' or environmentally friendly and lower their carbon footprint while continuing to increase our shareholder value. Bonal's product lines can help to reduce energy consumption by 98 percent compared to natural-gas-fired heat treatments as shown by research conducted by the U.S. Department of Energy." Bonal International Inc. through its wholly owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic technology for metal improvement solutions with more than 35 years of expertise. Bonal's patented technology is an environmentally friendly, "green technology" that replaces some heat treating processes and reduces energy consumption by 98 percent. 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 in more than 49 countries. Headquartered in Royal Oak, Mich., Bonal provides a variety of services including consulting, training, program design and metal stress relief services for customers in the aerospace, armament, die casting, engine building, machine tool, mining, petroleum, plastic molding, racing, automotive, shipbuilding and welding industries. More information on Bonal can be found at http://www.bonal.com/ or by calling 800-Metal-29. DATASOURCE: Bonal International, Inc. CONTACT: Janine M. Krasicky of J9 Media Solutions LLC, +1-248-542-3991, +1-248-514-4558 (mobile), for Bonal International, Inc. Web site: http://www.bonal.com/

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