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DELTA, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) is pleased to announce that the company continues to increase its quarterly dividend. Net profit for the quarter ended September 30, 2024 increased 465% to $71,060 compared to a profit of $12,566 for the three months ended June 30, 2024. Sales were $2,577,348 for the quarter ended September 30, 2024, 13.7 percent higher % of $2,267,376 US for the quarter ending June 30, 2024.
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With the addition of shipping staff and the redeployment of production staff, the company was able to deliver orders in a timely manner. Sales volume continues to grow, and profits are expected to increase accordingly.
The company continues to focus on the food service (hospitality) industry with its expanding product line of high-quality paper napkins. The recently installed equipment should allow WestBond to increase its market share in Canada and the United States. Other product categories are also expected to grow as related equipment is added to those segments.
The quarterly report and other information is available on the company’s website at www.westbond.ca and on SEDAR+ at www.sedarplus.com.
For more information please contact:
Gennaro the judge
CEO, President and Director
West Bond Projects Company
101 – 7403 Progress Rd, Delta, BC V4G 1E7
Phone: (604) 940-3939
Cautionary note regarding forward-looking statements: This release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the Company’s intentions. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “expects,” or variations of such words, phrases or statements that certain actions, events or results “may” cause. “Could,” “should,” or “will happen.” Forward-looking statements are based on certain material assumptions and analyzes conducted by the Company and the opinions and estimates of management as of the date of this press release, including the ability to maintain or develop markets and increase profitability.. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements contained in this release They are subject to numerous risks, uncertainties and other factors that could cause future results to differ materially from those expressed or implied by such forward-looking statements. These risk factors may include, among others, changes in operating performance, availability and prices of raw materials, availability of trained labor, foreign currency exchange rate fluctuations, unanticipated competition and other technical, market and economic factors.. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be achieved, anticipated, estimated or intended. Such statements cannot be guaranteed to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on this information may not be appropriate for other purposes. The Company undertakes no obligation to update any forward-looking statement, forward-looking information or financial projections incorporated by reference herein, except in accordance with applicable securities laws. We seek safe haven.
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.
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