Dyna Group International (DGIX.PK) Releases 4th Quarter 2008 Financials
19 March 2009 - 8:38AM
Marketwired
Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today
revenues of $12,866,999 for the twelve months ended December 31,
2008, a decrease of $5,115,557, or 28.4%, as compared to the twelve
months ended December 31, 2007. This decrease in sales is directly
related to the decline in the economy. Net income (after gain/loss
on investments) decreased from $1,419,422 in the first twelve
months of 2007 to ($691,591) in the same time period of 2008.
12 months ended
December 31
============================
2008 2007
------------- -------------
Revenues 12,866,999 17,982,556
------------- -------------
Operating Income (loss) 185,762 1,896,373
------------- -------------
Income Tax (expense) (180,024) (753,897)
------------- -------------
Other comprehensive income/(loss) (670,513) 98,953
------------- -------------
Net Income (loss) (691,591) 1,419,442
------------- -------------
Earnings per share (.090) .190
------------- -------------
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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