Natunola Releases Q2 Financial Results
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.
About the Company:
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.
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Natunola AgriTech Inc.