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

Sales Increase 18% in Second Quarter
November 27th 2002

WestBond Enterprises Corporation is pleased to report that after tax earnings for the six months ended September 30, 2002 were more than triple the same period last year. Net income totalled $96,949 or $0.01 per share, compared to $31,371 for the same period last year. Sales increased 35% to $1,745,008 during the six month period as compared to last year. Sales for the three months ended September 30, 2002 were $946,220, an increase of 56% over the same period last year and an increase of 18% over the three months ended June 30, 2002.
The following summary financial information has been extracted from the interim consolidated financial statements for September 30, 2002, which are available in pdf format on the SEDAR website at www.sedar.com. Please contact the company if you would like a printed copy.


FINANCIAL HIGHLIGHTS
Three months ended Sept. 30

2002 2001
Operating results

Sales $ 946,220 $ 605,302

Gross profit 269,815 157,937

Selling expenses 82,046 39,124

General and
administrative
expenses 153,480 123,456

Income (loss)
before tax 34,289 (4,643)

Future income
tax expense
(recovery) 14,370 (1,600)

Net income
(loss) $ 19,919 $ (3,043)

Net income (loss)
per share $0.00 $(0.00)


FINANCIAL HIGHLIGHTS
Six months ended Sept. 30

2002 2001
Operating results

Sales $1,745,008 $1,296,760

Gross profit 567,366 374,240

Selling expenses 136,134 89,405

General and
administrative
expenses 276,640 233,051

Income (loss)
before tax 154,592 51,784

Future income tax
expense (recovery) 57,643 20,413

Net income
(loss) $ 96,949 $ 31,371

Net income (loss)
per share $0.01 $0.00



WestBond is located in Delta, British Columbia and is a leading converter of disposable paper products used for personal hygiene in medical and industrial markets.



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