Dyna Group International (DGIX.PK) Releases 2nd Quarter 2008 Financials
July 28 2008 - 8:00AM
Marketwired
NEW BRAUNFELS, TX announced today revenues of $6,107,598 for the
six months ended June 30, 2008, a decrease of $989,770, or 13.9%,
as compared to the six months ended June 30, 2007. This decrease in
sales is related to the increase in gas prices and subsequent
decline in the economy over the first half of 2008. Net income
(after gain/loss on investments) decreased from $370,452 in the
first six months of 2007 to $99,130 in the same time period of
2008. The investments portfolio declined $89,345 in the first six
months of 2008 as compared to a $149,280 gain in 2007.
6 months ended
June 30
----------------------------------
2008 2007
---------------- ----------------
Revenues 6,107,598 7,097,368
---------------- ----------------
Operating Income (loss) 313,606 385,224
---------------- ----------------
Income Tax (expense) (125,131) (164,052)
---------------- ----------------
Other comprehensive income/(loss) (89,345) 149,280
Net Income (loss) 99,130 370,452
---------------- ----------------
Earnings per share .013 .050
---------------- ----------------
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
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