Sofame Reports $120K Net Profit in 2012 on Revenues of $1.8M

By Midnight Trader,  February 01, 2013, 03:13:01 PM EDT

Sofame Technologies Inc. (SDW.V) today reported net sales of $1,802,080 for the 2012 fiscal year ended September 30, and a net profit of $$119,974.

Net sales were down 28% from the 2011 total of $2.5 million.

For 2011, the company reported a net loss of $935,103.

Sofame said the results are better than expected compared to the past several years. "Over the last three years, Sofame has adapted to challenging market conditions which included low natural gas prices due to fracking supplies, tight capital investment budgets at end-users, and an absence of bank financing in the normal course of business."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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