STRONG BUY!!!
Sulja Bros. Building Supplies Releases Financials
Monday July 31, 1:16 pm ET
WINDSOR, ON--(MARKET WIRE)--Jul 31, 2006 -- Sulja Brothers Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that the company is releasing financial information to its shareholders. Sulja Brothers Building Supplies earned $63,047,611.00 during the 12 months from June 1, 2005 to May 31, 2006. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69. The monthly financials for 2005 and the pro forma for 2006 will shortly be available at www.suljabros.com.
CEO Steve Sulja stated: "We had a good year in the latter part of 2005, thanks to our expansions in the Middle East. A large portion of 2005 profits and revenues can be attributed to our Middle Eastern Operations. We are expecting greater net profit performance in 2006."
A Red Sea Group spokesperson commented: "Sulja Brothers had an excellent year with major growth expected in the coming years. Our initial assessment to determine eligibility for Sulja Brothers to meet the NASDAQ requirements was based upon the current net profit of Sulja Bros."
These financials are slated for release today after being confirmed by KPMG auditors. I gave you the HANS reccomend at $25, now I give this a STRONG BUY reccomend. Stay tuned!
Sulja Bros. Building Supplies Releases Financials
Monday July 31, 1:16 pm ET
WINDSOR, ON--(MARKET WIRE)--Jul 31, 2006 -- Sulja Brothers Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that the company is releasing financial information to its shareholders. Sulja Brothers Building Supplies earned $63,047,611.00 during the 12 months from June 1, 2005 to May 31, 2006. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69. The monthly financials for 2005 and the pro forma for 2006 will shortly be available at www.suljabros.com.
CEO Steve Sulja stated: "We had a good year in the latter part of 2005, thanks to our expansions in the Middle East. A large portion of 2005 profits and revenues can be attributed to our Middle Eastern Operations. We are expecting greater net profit performance in 2006."
A Red Sea Group spokesperson commented: "Sulja Brothers had an excellent year with major growth expected in the coming years. Our initial assessment to determine eligibility for Sulja Brothers to meet the NASDAQ requirements was based upon the current net profit of Sulja Bros."
These financials are slated for release today after being confirmed by KPMG auditors. I gave you the HANS reccomend at $25, now I give this a STRONG BUY reccomend. Stay tuned!