GATA News Groupe Athena Inc., (OTC: GATA) Repor
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GATA News
Groupe Athena Inc., (OTC: GATA) Reports Audited Financials, Announces Record Revenue & Profits
2012-08-27 09:00 ET - News Release
MUMBAI, India , Aug. 27, 2012 /PRNewswire/ -- Groupe Athena, Inc. (Pink sheets: GATA) has announced record revenues of $44,571,386 for the recent fiscal year ended June 30, 2012 , an increase of 78% over the previous year. After tax earnings increased 116% to a record $4,417,047 or $0.094 a share.
Though the company added $4,656,442 in assets, its cash position is extremely healthy with cash and short term assets of $3,286,141 as against current liabilities of $84,090 . The company is proud of the fact that all equipment and other acquisitions have been made entirely from internally generated cash and it is the commitment of management that future additions to the asset base be accomplished without any further dilution or debt increases. The Company has no plans for shareholder dilution over the next 12-18 months.
To read the complete annual report, please go to www.otcmarkets.com and enter the company's trading symbol "GATA
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