Dyna Group International (DGIX.PK) Releases 3rd Quarter 2008 Financials
28 October 2008 - 2:06AM
Marketwired
Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today
revenues of $9,964,735 for the nine months ended September 30,
2008, a decrease of $1,294,875, or 11.5%, as compared to the nine
months ended September 30, 2007. This decrease in sales is directly
related to the decline in the economy. Net income (after gain/loss
on investments) decreased from $626,766 in the first nine months of
2007 to ($116,348) in the same time period of 2008.
9 months ended
September 30
----------------------
2008 2007
---------- ----------
Revenues 9,964,735 11,259,610
---------- ----------
Operating Income (loss) 252,739 643,004
---------- ----------
Income Tax (expense) (126,712) (286,561)
---------- ----------
Other comprehensive income/(loss) (334,562) 165,509
---------- ----------
Net Income (loss) (116,348) 626,766
---------- ----------
Earnings per share (.016) .084
---------- ----------
The above information is based on unaudited GAAP financial
statements.
Dyna Group International, Inc. is a Nevada corporation and
conducts all of its business through its wholly owned subsidiary,
Great American Products.
Some of the statements in this news release may be
forward-looking statements that may involve certain risks and
uncertainties. Investors and others are cautioned that the
forward-looking statements are based on estimates, projections,
beliefs, and assumptions of management and are not guarantees of
future performance.
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Contacts: Sandra Tristan Controller Roger Tuttle CEO
830-620-4400 www.gap1.com
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