WINCHESTER, ON, Aug. 19, 2013 /CNW/ - Natunola AgriTech Inc. (formerly
Botaneco Corp.) ("Natunola" the "Company") (TSXV: NAH) reports that
revenue of $488,274 and $1,238,313 was recorded for the three and six
months ended June 30, 2013 representing a decrease of $116,620 (19%)
and $12,811 (1%) over the comparable periods last year. These decreased
revenues are primarily attributable to the divestiture of Botaneco
Specialty Ingredients Inc., based in Calgary, AB. These revenues are
mainly attributable to the sales generated by Natunola of $488,274 and
$1,113,754 for the three and six months ended June 30th 2013 respectively.
A net loss of $205,622 and a net income of $86,592 was recorded for the
three months and six months ended June 30, 2013, as compared to a net
losses of $736,026 and $1,588,443 for the same period the previous
year, a decrease in losses of $530,404 and $1,675,035. This decrease in
loss was attributable to: (a) revenues and gross profit due to the
revenues of Natunola; and (b) the gain of $633,646 in the sale of
discontinued operations as disclosed in a previous press release dated
March 28th 2013.
Basic and diluted loss per share on a consolidated basis was $0.003 and
income per share was $0.001 for the three and six months ended June 30,
2013 compared to a loss of $0.010 and $0.023 per share seen in the same
period of the previous year.
Detailed financial statements and the Management Discussion and Analysis
can be found at the company website site at www.sedar.com or the company investor website at www.natunola-agritech.com
About the Company:
For more information regarding Natunola AgriTech Inc., please visit www.natunola-agritech.com or www.sedar.com
Some of the statements contained in the release are forward-looking
statements, such as estimates and statements that describe the
Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or
result to occur. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Natunola AgriTech Inc.
