XYLTF Xylitol Canada Inc.: Financial Results for t
Post# of 102241
Posted On: 05/07/2014 3:15:57 PM
XYLTF Xylitol Canada Inc.: Financial Results for the Year Ended December 31, 2013
TORONTO, ONTARIO--(Marketwired - May 1, 2014) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company"
(TSX VENTURE:XYL) today announces that it has released its financial statements and management's discussion and analysis for the fiscal year ending December 31, 2013. Highlights of the results include:
For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.
For the three months ended December 31, 2013, sales increased by 194% to $2,555,526, compared to $868,134 for the three months ended December 31, 2012;
For the twelve months ended December 31, 2013, gross profit increased by 43% to $1,548,337, compared to $1,081,418 for the twelve months ended December 31, 2012;
Company reports its first quarter in Company history with over $2,000,000 in revenue
Company exceeded $1,000,000 in a single month for the first time in Company history
Inventory as of December 31st totaled $2,563,411 including $514,000 of goods in transit
Gross profit margins for the year were 24%
TORONTO, ONTARIO--(Marketwired - May 1, 2014) - Xylitol Canada Inc. ("Xylitol Canada", or the "Company"
(TSX VENTURE:XYL) today announces that it has released its financial statements and management's discussion and analysis for the fiscal year ending December 31, 2013. Highlights of the results include: For the twelve months ended December 31, 2013, sales increased by 87% to $6,508,998, compared to $3,473,053 for the twelve months ended December 31, 2012.
For the three months ended December 31, 2013, sales increased by 194% to $2,555,526, compared to $868,134 for the three months ended December 31, 2012;
For the twelve months ended December 31, 2013, gross profit increased by 43% to $1,548,337, compared to $1,081,418 for the twelve months ended December 31, 2012;
Company reports its first quarter in Company history with over $2,000,000 in revenue
Company exceeded $1,000,000 in a single month for the first time in Company history
Inventory as of December 31st totaled $2,563,411 including $514,000 of goods in transit
Gross profit margins for the year were 24%
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