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WestBond Reports Financial Results for the Year ended March 31, 2025
Globenewswire· 2025-06-25 20:00
Core Viewpoint - WestBond Enterprises Corporation reported a loss of $52,380 for the year ended March 31, 2025, a decrease from a loss of $210,683 for the previous year, attributed to stock options granted during the year [1] Financial Performance - Sales increased by 4.9% to $9,673,002 for the year ended March 31, 2025, compared to $9,219,948 for the year ended March 31, 2024 [1] - The increase in revenue was driven by higher sales of wipe products, air-laid napkins, and parent rolls, while sales of personal hygiene and clinical products decreased [2] Market Outlook - Sales are expected to continue increasing due to managing inquiries from current and potential customers in Canada amid tariff uncertainties from the USA [3] - New markets in the USA and Canada have been established in the food service industry, particularly involving major restaurant chains, with the company focusing on this segment by adding staff and new competitive product lines [3]