New World Gold Corporation Continues to Show Growth in Operations Through Increases in Revenue and Profits
August 06 2014 - 6:00AM
Business Wire
New World Gold Corporation (OTC Pink:NWGC), a gold mining and
milling company with existing operations in Ecuador and Peru, shows
growth through increased revenues and profits for the second
quarter ending June 30,2014.
The financial results for the second quarter ending June 30,
2014 show revenues of $4,990,196 versus $3,641,305 last year. This
represents an increase of 37% over the second quarter ending June
30,2013. For the period ending the second quarter June 30, 2014,
the Company had net profits of $1,503,621 versus $822,172 last
year. This represents an increase of 82.9% over the second period
ending June 30,2013.
The Balance Sheet shows total assets at $12,537,025 at June 30,
2014 versus $8,560,935 last year. The ratio of asset to liability
is 2.6 to 1. The Company continues to show growth in assets,
revenues and profits.
New World Gold Corporation trades in the United States on the
OTC Pink under the symbol “NWGC”. For further information, please
contact the Company at 561-210-8496 or www.newworldgoldcorp.com or investors can find
real time quotes and market information for the Company on
www.otcmarkets.com.
NOTE: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving risks and uncertainties. Results, events and
performances could vary from those contemplated. These statements
involve risks and uncertainties which may cause results, expressed
or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and New World Gold's ability to meet current and future
plans. Investors should study and understand all risks before
making an investment decision. Readers are recommended not to place
undue reliance on forward-looking statements or information. New
World Gold is not obligated to publicly release revisions to any
forward-looking statement, to reflect events or circumstances
afterward, or to disclose unanticipated occurrences except as
required under applicable law.
New World Gold CorporationRobert Talbot,
561-210-8496www.newworldgoldcorp.com
New World Gold (CE) (USOTC:NWGC)
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