ROYAL OAK, Mich., June 11 /PRNewswire-FirstCall/ -- Bonal
International, Inc. (OTC: BONL) announced an 11 percent increase in
revenue for the fourth quarter over the fourth quarter of last year
and a six percent increase for the 2010 fiscal year, despite the
continued economic recession. Additionally, fiscal year 2010
was the fifth consecutive year that Bonal International issued
dividends.
"Through an increase in sales, Bonal has maintained a slight
profit, even while absorbing the research and development costs of
a new high-tech product, all while selling to an economically
depressed market," said Thomas E.
Hebel, interim President of Bonal International.
Net loss was up due to expenses incurred for CE Certification
approval, with a 37 percent increase from last year's fourth
quarter. Year-end earnings were profitable for the sixth
consecutive year.
In other news, Bonal announced the introduction of its all new
Meta-Lax 2400 touch-screen unit in March after nearly two years in
the making. "The new 2400 series unit, with its touch-screen
control panel and unlimited job data storage capability, will help
ensure the continued success of Bonal in the future by solving many
of the high-tech challenges of the metalworking industry with this
high-tech solution," Hebel said.
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Fourth
Quarter Ending March 31, 2010
|
|
|
2010
|
2009
|
|
|
Revenue
|
$369,386
|
$332,619
|
|
|
Net
Income (loss)
|
($27,174)
|
($19,759)
|
|
|
Earnings
Per Share
|
(.02)
|
(.01)
|
|
|
|
|
|
|
Fiscal
Year Ending March 31, 2010
|
|
|
2010
|
2009
|
|
|
Revenue
|
$1,804,135
|
$1,696,678
|
|
|
Net
Income
|
$3,978
|
$30,109
|
|
|
Earnings
Per Share
|
.00
|
.02
|
|
|
|
|
|
Bonal International Inc., through its wholly owned subsidiary,
Bonal Technologies, Inc. is the world's leading provider of
sub-harmonic vibratory stress relief and weld conditioning
technology. Bonal provides three lines of equipment Meta-Lax®
Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and
Black Magic® Distortion Control, which are sold in the United States and more than 50 countries
worldwide. Headquartered in Royal
Oak, Mich., Bonal services the aerospace, armament,
automotive, petroleum, die casting, mining, racing, machine tool
building, plastic molding, ship building, and welding industries.
Bonal's Meta-Lax® technology is used for eliminating thermal
stress in metal parts, thereby preventing warping and cracking, at
a fraction of the energy and monetary costs of competing
technologies. More information can be found at www.Bonal.com
or by calling 1-800-Metal-29.
SOURCE Bonal International, Inc.