Bonal (PK) (USOTC:BONL)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Bonal (PK) Charts. Click Here for more Bonal (PK) Charts.](/p.php?pid=staticchart&s=NO%5EBONL&p=8&t=15)
Bonal International, Inc. Year-End Sales Increase 55 Percent with
Record Profit
ROYAL OAK, Mich., June 23 /PRNewswire-FirstCall/ -- Bonal International, Inc.
(OTC:BONL) today announced consolidated financial results for the fiscal year
ended March 31, 2005. Net sales totaled $1,511,431, a 55 percent increase from
$977,569 in the previous year. Net income before taxes totaled $305,787 or
$0.18 per share, and net income after tax is $239,787 or $0.14 per share,
compared to a loss of $67,900 or ($0.04) per share last fiscal year. Gross
profit totaled $1.1 million or 74.9 percent of sales, up from 64.6 percent in
fiscal year 2004. Stockholder equity is up 62.5 percent, the highest ever to
$0.37 per share.
"In terms of dollars and percentage profit, this is our best year. The
increase in the US economy and lower USD rates overseas helped to increase our
sales in both the domestic and overseas markets," said A. George Hebel, III,
chairman of Bonal International. "US sales were up 60.7 percent and foreign
sales were up 37.5 percent. Thirty percent of our unit sales were from current
customers wanting to expand their use of the Bonal technology. Bonal has also
seen strong repeat sales coming from companies such as Sandia National
Laboratory, General Motors and Siemens Westinghouse."
In the United States, sales in 43 states were 68.3 percent of total dollar
sales. Sales in 14 foreign countries were 31.7 percent of total dollar sales.
Bonal sold products for the first time in Romania and Hungary with the addition
of a new sales agent in Hungary.
More than 67 percent of our unit sales came from units sold in the United
States and foreign unit sales accounted for nearly 33 percent.
Bonal Technologies, Inc., a subsidiary of Bonal International, Inc. (OTC:BONL)
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 and its three product lines: Meta-Lax(R) Stress Relief, Pulse Puddle
Arc Welding(R) (PPAW(R)) and Black Magic(TM) 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.
Bonal can be reached on the Internet at http://www.bonal.com/ .
DATASOURCE: Bonal International, Inc.
CONTACT: Janine M. Krasicky, +1-248-542-3991, +1-248-514-4558 (mobile),
or Jennifer Knoll, +1-248-546-2130, +1-248-514-1418 (mobile), both of J9 Media
Solutions LLC
Web site: http://www.bonal.com/