Symbol: WBE.V
Bid: 0.10 Ask: 0.12
Last:0.11 Change: 0.00
Volume: 80000 Trades: 2
Open: 0.11 Hi: 0.11 Low: 0.11
Year High: 0.20 Year Low: 0.10
(15 Minute Delayed Quote)
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| WestBond earns $114,697 at year-end |
| July 28th 2006 |
WestBond Enterprises Corp. has filed its consolidated interim financial statements for the year ended March 31, 2006. Sales increased 11 per cent over last year.
The following summary financial information has been extracted from WestBond's consolidated financial statements for the year ended March 31, 2006.
| Year ended March 31, | | Operating Results | 2006 | 2005 | | $ | $ | | Sales | 6,259,426 | 5,652,270 | | Cost of sales | 4,738,649 | 4,097,693 | | Gross profit | 1,520,777 | 1,554,577 | | Selling and marketing expenses | 630,553 | 486,300 | | General and administrative expenses | 698,343 | 696,268 | | Net income before tax | 191,881 | 372,009 | | Income tax expense | 77,184 | 155,711 | | Net income | 114,697 | 216,298 | | Earnings per share, basic and diluted | 0.01 | 0.02 | | Cash Flows | | | Operating Activities | 428,109 | 386,495 | | Investing Activities | (844,637) | (357,990) | | Financing Activities | 458,586 | (48,913) | | Increase (Decrease) | 42,058 | (20,408) | | March 31, | | Financial Position | 2006 | 2005 | | $ | $ | | Current assets | 1,937,741 | 1,677,379 | | Other assets | 3,014,802 | 2,350,018 | | Total assets | 4,952,543 | 4,027,397 | | Current liabilities | 1,748,140 | 1,267,228 | | Long-term liabilities | 920,267 | 661,131 | | Shareholders' equity | 2,284,136 | 2,099,038 |
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