ROYAL OAK -- Bonal International, Inc. (OTC: BONL) announced continued increases in net income, revenue, and earnings per share for the fiscal second quarter ended Sept. 30.
Net income increased to a corporate record $201,196, a 15 percent increase, while revenue grew to $747,048, an 11 percent increase compared to last year's second quarter. Earnings per share rose to another corporate record of 12 cents from last year's 10 cents.
For the six months, net income was $237,152 or 15 cents a share down from $265,154 or 15 cents a share a year earlier. Revenue for the six months was $1.17 million, down 6 percent from $1.24 million a year earlier.
"This quarter was exciting from start to finish," said Thomas E. Hebel, interim president and CEO of Bonal Technologies. "We sold equipment in ten different countries including for the first time in Costa Rica, plus we saw another six current customers ordering more systems. Our Model 2400 touch screen system continues to be our runaway favorite system accounting for 50 percent of our total sales by volume."
Bonal International, through its subsidiary Bonal Technologies Inc. is the patent holder and 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.
Bonal's technologies achieve many of the same metal improvement results as heat treating at a fraction of the cost and energy use.
More at www.bonal.com.
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