WestBond reports Financial Results for the Quarter ended December 31, 2022

Provided By Globe Newswire

Last update: Feb 22, 2023

DELTA, British Columbia, Feb. 22, 2023 (GLOBE NEWSWIRE) -- WestBond Enterprises Corporation (TSX-V: WBE) reports that sales for the three months ended December 31, 2022 totalled $2,359,853 (an 18.1% decrease from the same period in 2021). Net income also decreased accordingly, showing a loss of $19,050 (-$0.001 per share), compared to a profit of $218,549 ($0.006) per share for the same quarter in 2021. The decrease in sales and profits were directly related to the acute shortage of production staff and weather and machine related downtime. These results show shipped orders. Booked unshipped orders amounted to $1.3 million at the end of this quarter.