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
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
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.
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