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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. Year-End Sales Increase 55 Percent with Record Profit

23/06/2005 5:10pm

PR Newswire (US)


Bonal (PK) (USOTC:BONL)
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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/

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