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WestBond reports Financial Results for the Quarter ended September 30, 2025
Globenewswireยท 2025-11-04 22:35
Financial Performance - WestBond Enterprises Corporation reported a net profit increase of 79% for the quarter ended September 30, 2025, amounting to $174,630 compared to $97,710 for the quarter ended June 30, 2025 [1] - Sales for the quarter ended September 30, 2025, reached $3,030,669, which is an 11.1% increase from $2,727,414 for the quarter ended June 30, 2025 [1] Market Growth - The company is experiencing significant sales growth in the food service (hospitality) products, particularly with its expanding line of high-end air laid napkins and personal hygiene products [2] - New markets have been established in the USA and Canada within the food service industry, involving major restaurant chains [2] Management Changes - Mr. Peter Toigo has resigned from the Board of Directors after twelve years to focus on his corporate portfolio at Shato Holdings [3] - Mr. Walter Robert Lee has been appointed as a new director and will serve on the Audit, Compensation, and Governance committees, bringing extensive experience from Canacord Genuity, JP Morgan Securities, and The Bank of Montreal [3]