Dyna Group International (DGIX.PK) Releases 4th Quarter 2006 Financials
09 März 2007 - 9:23PM
Business Wire
Dyna Group International, Inc. (Pink Sheets:DGIX) announced today
sales for the 12 months ended December 31, 2006, decreased $365,161
or 2% as compared to the 12 months ended December 31, 2005. This
decline in sales is attributed mainly to the decline in demand in
the NASCAR and buckle markets. Net profits decreased $63,057 or 6%
as compared to the 12 months ended December 31, 2005. Profits were
affected by the rising cost of pewter which was $4.06 average per
pound for 2006 compared to $3.94 in 2005. Selling costs were
significantly higher 4th quarter 2006 compared to 2005 due
primarily to the additional trade shows attended and increase in
licensing fees. � 12 months ended December 31 � � 2006� 2005�
Revenues � 16,341,194� 16,706,355� Operating Income (loss) �
1,362,895� 1,527,015� Income Tax (expense) � (406,902) (507,965)
Net Income (loss) � 955,993� 1,019,050� Earnings per share � .13�
.14� The above information is based on unaudited GAAP financial
statements. For the entire financial statement for the year ended
December 31, 2006, please visit our website at
http://www.gap1.com/about_us/financial/financials.html. Dyna Group
International, Inc. is a Nevada corporation and conducts all of its
business through its wholly owned subsidiary, Great American
Products. Some of the statements in this news release may be
forward-looking statements that may involve certain risks and
uncertainties. Investors and others are cautioned that the
forward-looking statements are based on estimates, projections,
beliefs, and assumptions of management and are not guarantees of
future performance.
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