NEW BRAUNFELS, TX--(Marketwired - Jun 16, 2014) - Dyna Group International, Inc. (PINKSHEETS: DGIX) announced today sales for the 3 months ended March 31, 2014, increased $76,810 or 3.1% as compared to the 3 months ended March 31, 2013. This increase in sales is attributed mainly to an increase in internet sales. Net profits decreased $14,132 or 18.2% as compared to the 3 months ended March 31, 2013.
3 months ended
March 31
2014
2013
Revenues
2,539,736
2,462,926
Operating Income (loss)
(153,868
)
(124,083
)
Income Tax (expense)
52,530
42,374
Other comprehensive income/(loss)
9,996
4,177
Net Income (loss)
(91,975
)
(77,843
)
Earnings per share
(.01
)
(.01
)
The above information is based on unaudited GAAP financial statements.
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.
Dyna Group International, Inc. is a holding company. The Company conducts all of its business through its wholly owned subsidiary, Great American Products, Ltd. (Great American Products). Great American Products offers a line of consumer products, as well as products for industry, which are used as advertising specialties and premiums, utilizing pewter centrifugally cast in rubber molds. These products include belt buckles, model miniatures, key chains, picture frames, as well as pewter decorated glassware, caps, ceramic ware, stainless steel drinkware, pewter decorated wall and desk decor, and pewter enhanced keepsake boxes. Great American Products are categorized under NFL Products, NBA Products, MLB Products, NHL Products, College Products, Military Products, Gifts & Souvenirs Products, and Custom Products.