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)
Investor Information News Releases Financial Statements Request Info Package Management & Directors

WestBond Announces June 2004 Interim Financials
August 25th 2004
WestBond Enterprises Corporation ("WestBond") is pleased to announce that net income for the three months ended June 30, 2004 was $81,090, or $0.008 per share. This is approximately 23% higher than for the same period last year.

Sales for the period totalled $1,347,350, compared to $1,140,210 for the same period last year, representing an increase of 18%. Sales of long-term care, clinical and personal hygiene products make up the increase.
The following summary financial information has been extracted from the interim consolidated financial statements for the three months ended June 30, 2004, which are available on www.sedar.com. The comparative figures for the three months ended June 30, 2003 have been restated for the retroactive change in accounting policy for employee and director stock options required by new accounting regulations.


Three months ended June 30,
2004 2003
Operating results $ $
Sales 1,347,350 1,140,210
Gross profit 406,372 348,613
Selling expenses 119,851 91,949
General and administrative expenses 158,067 147,361
Income before tax 128,454 109,303
Future income tax expense 47,364 43,112
Net income 81,090 66,191
Net income per share 0.008 0.007
Cash Flows
Operating activities 223,883 94,676
Investing activities (177,293) (46,924)
Financing activities 40,185 (56,530)
(Decrease) increase 86,775 (8,778)
Financial Position June 30, 2004
$
March 31, 2004
$
Current assets 1,334,623 1,306,768
Plant and equipment 2,281,830 2,138,389
Total assets 3,616,453 3,445,157
Current liabilities 1,042,799 1,032,775
Term loans 474,978 512,481
Future income tax liabilities 199,137 151,773
Shareholders' equity 1,899,539 1,748,128



Home | About Us | Products | Investor Information | Contact Us

Copyright 2002-2017 WestBond Enterprises Corporation. All Rights Reserved.
Website design by MediaWave Communications Corp.