Dyna Group International (DGIX.PK) Releases 1st Quarter 2007 Financials
30 Abril 2007 - 7:34PM
Business Wire
Dyna Group International, Inc. (Pink Sheets:DGIX) announced today
sales for the 3 months ended March 31, 2007, increased $153,883 or
4.3% as compared to the 3 months ended March 31, 2006. This
increase in sales is attributed mainly to a 64% increase in MLB
sales as compared to 1st quarter 2006. Net profits decreased
$16,667 or 10.9% as compared to the 3 months ended March 31, 2006.
Profits were affected by the rising cost of pewter which was $5.73
average per pound for 2007 compared to $3.80 in 2006 and increase
in NFL royalty expenses. Selling costs were significantly lower 1st
quarter 2007 compared to 2006 due primarily to the reduction in
trade shows attended. General and Administrative expenses were up
by $53,207 for the 3 months ended March 31, 2007 as compared to the
3 months ended March 31, 2006, reflecting an increase in bad debt
expense. � � 3 months ended March 31 � � � 2007� 2006� Revenues � �
3,715,919� 3,562,036� Operating Income (loss) � � 179,854� 230,965�
Income Tax (expense) � � (44,083) (78,527) Net Income (loss) � �
135,771� 152,438� Earnings per share � � .02� .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.
Dyna (CE) (USOTC:DGIX)
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