Falken Industries Ltd Reports Year End and Fourth Quarter 2011 Results; Announces 2012 Financial Outlook
- 2011 basic diluted net profit per share $ 0.0114 - 2011 operating revenues, up 15.77 percent over 2010 - 2011 EBITDA up 360% over 2010 - 2012 outlook extremely positive
(firmenpresse) - TRENTON, NEW JERSEY -- (Marketwire) -- 02/07/12 -- Falken Industries Ltd (OTCBB: FLKI) today reported fourth quarter 2011 net profit per share (EPS) of $ 0.0114 or 36% of its current depressed share price which were last bid at $ 0.031. Operating Revenues rose 15.77 percent on strong net margins of 32.2% notwithstanding heavy distributor support for promotion and marketing expense.
"I'm pleased to report that 2011 was a solid year for Falken Industries Ltd," said Manuel Garcia, Communications Officer. The company has been profitable since 2009, with major improvements noted in 2011. Responding to a recent inquiry, Garcia stated: "The company's publicly traded shares are simply not representative of either the company's performance or value." The shares are currently trading at 37% of Falken's stated book value, undoubtedly reflecting the company's priority interest in its core business and neglect of the investment banking community, a problem which is being addressed according to a company spokesman.
"With forthcoming acquisitions and development of intellectual properties the company will continue its record of delivering fundamental value to its shareholders", said Garcia. "We are working hard at translating that fundamental value into share value and believe this year will prove quite rewarding", added Garcia.
As it enters 2012, Falken Industries Ltd will continue its focus on growth-oriented acquisitions and activities. "We'll continue to execute a consistent, balanced growth strategy, where strategic acquisitions and organic growth are priorities", continued Garcia.
2012 Financial Outlook
The company will discuss both its 2011 performance and 2012 financial outlook in greater detail during the analyst and trade conference being held at its European facility today.
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB: FLKI) is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected". Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contacts:
Falken Industries Ltd
Manuel Garcia
Communications Officer
+1609 357 0316
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Datum: 07.02.2012 - 09:20 Uhr
Sprache: Deutsch
News-ID 1080390
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TRENTON, NEW JERSEY
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Specialty Chemicals
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