GRYF - Greyfield Announces Record Revenue & Profit for Quarter; $210,361 in Revenue & $59,619 in Profit
TOLEDO, Ohio, May 16, 2005 (BUSINESS WIRE) -- Greyfield Capital (Pink Sheets:GRYF) announces record revenue and profit for the quarter ending in April 2005. Revenues for the last three months totaled $210,361 with a net profit of $59,619. This is a record for revenue and profit growth in the history of the company and the organization. Profit margins are at an all-time high of
28%.In addition, management is streamlining operations and the company should be able to achieve an additional increase of profit margins from this alone of 2-3 percentage points.
The company will seriously consider acquisitions and/or expansion as a way in which to increase revenues and profit.
Greyfield Capital is quoted on NQB Pink Sheets as "GRYF."
About Greyfield Capital
Canadian Autorama
SOURCE: Greyfield Capital Inc.
CONTACT: Greyfield Capital Inc. Dennis Hewins, 419-593-4123 snipped-for-privacy@theautorama.com
Copyright Business Wire 2005
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KEYWORD: United States Canada North America Ohio INDUSTRY KEYWORD: Automotive Consumer & General Interest SUBJECT CODE: Earnings