Dyna Group International Releases 1st Quarter 2008 Financials
April 28 2008 - 4:16PM
Marketwired
NEW BRAUNFELS, TX announced today revenues of $3,365,000 for the
3 months ended March 31, 2008, a decrease of $350,671, or 9.4%, as
compared to the 3 months ended March 31, 2007. Despite lower
revenues, operating income increased $44,186, or 34.9%. This
increase is a result of the lower cost of casting non-pewter
alloys, lower royalty expenses, and a decrease in bad debt
expenses. Net income declined due to a loss on investments of
$29,302 for the 3 months ended March 31, 2008, compared to a gain
of $53,283 in 2007.
3 months ended
March 31
=====================
2008 2007
--------- ---------
Revenues 3,365,248 3,715,919
--------- ---------
Operating Income (loss) 170,758 126,572
--------- ---------
Income Tax (expense) (62,981) (44,083)
--------- ---------
Other comprehensive income/(loss) (29,302) 53,283
Net Income (loss) 78,475 135,772
--------- ---------
Earnings per share .01 .02
--------- ---------
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
Dyna (CE) (USOTC:DGIX)
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