Bonal International, Inc. Year-End Sales Increase 55 Percent with Record Profit
24 June 2005 - 2:10AM
PR Newswire (US)
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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