Botaneco Releases Q1 Financial Results

WINCHESTER, ON, May 30, 2013 /CNW/ - Botaneco Corp. (the "Company") (TSXV: BOT) reports that the revenue of $750,039 was recorded for the three months ended March 31, 2013 representing an increase of $103,809 (16%) over the same period of the prior year. These increased revenues are primarily attributable to the sales generated by Natunola of $625,480.

A net income of $292,214 was recorded for the three months ended March 31, 2013, as compared to a net loss of $852,417 for the same period of the previous year, an increase of $1,144,631. This gain was attributable to: (a) an increase in revenues and gross profit due to the sales 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 income per share was $0.004 for the three months ended March 31, 2013 compared to a loss of $0.010 per share seen in 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 Botaneco Corp., please visit www.botanecocorp.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: Botaneco Corp.

For further information:

Lianne Tibben
CFO
Botaneco Corp.
ltibben@natunola.com
(613) 774-9998

Organization Profile

Botaneco Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890