DELTA, British Columbia, June 25, 2018 (GLOBE NEWSWIRE) -- WestBond Enterprises Corporation has posted a profit of $298,088 for the year ended March 31, 2018. This represents an 85% increase over last year’s profit of $161,080. Sales also increased 9.6% to $9,829,025 this year compared to $8,969,371 for the year ended March 31, 2017.
The increase in sales and net income are due to the company’s efforts to develop new markets for its air laid products and existing clinical and personal hygiene lines. Air laid products and parent roll sales increased significantly in the food service market. WestBond intends to continue to develop these markets and increase profitability by improving production efficiencies and lowering overhead costs.
Neither the 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.
CONTACT: For further information please contact: Gennaro Magistrale Chief Executive Officer, President and Director WestBond Enterprises Corporation 101 – 7403 Progress Way, Delta, B.C. V4G 1E7 Tel: (604) 940-3939
© 2018 GlobeNewswire, Inc. All Rights Reserved.