Post by
sillybear on May 30, 2018 5:44pm
Positive Earnings! Blockbuster Q1, fwd P/E 20, $3.20/share?
Q1 out on sedar
Edmonton, Alberta – (May 30th , 2018) – BioNeutra Global Corporation (“BioNeutra” or the “Company”) (TSXV: BGA), a functional and health food and beverage ingredient manufacturer producing isomalto-oligosaccharide (“IMO”) using its patented processes, is pleased to announce its financial results for the three month period ended March 31st , 2018 (the “First Quarter”). Most notably, the Company achieved earnings of $0.04 per share in the First Quarter. First Quarter Selected Financial Results The Company experienced significant growth during the First Quarter of 2018 with sales of $9,853,046 for the three month period ended March 31, 2018, representing an increase of $2,500,356 or 31% from sales of $7,352,690 for the three month period ended March 31, 2017. In addition to the growth in revenue, the Company also decreased its operating expenses by $189,755 to $1,948,006 in the First Quarter of 2018. This represents a material decrease from $2,137,761 for the same period of 2017. The Company's total net income including comprehensive income rose to $1,959,047 for the three month period ended March 31, 2018, as compared to ($3,709) for the same period in 2017. Due to the strong U.S. dollar, the Comp
Comment by
billy4325 on Jun 03, 2018 5:46pm
In 2018 Q1 $778,730 of the net income was just a foreign exchange gain and $105,986 was due to debt foregivness. Recurring earnings will be much less (if any, considering the loss for fiscal 2017).
Comment by
sillybear on Jun 04, 2018 9:48pm
Recurring earnings were 2 cents per share after deducting those items; that's still 8 cents per year, which at 10 times earnings is 80c/share