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GROUPE ATHENA INC (GATA)

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Last Post: 3/24/2014 11:29:35 AM - Followers: 37 - Board type: Free - Posts Today: 0

 


Share Structure

                                                       Market Value                 $11,784,225        a/o July 29, 2011
                                                       Shares Outstanding       47,136,900          a/o June 30, 2011
                                                       Float                              2,171,600           a/o June 30, 2011
                                                       Authorized Shares         100,000,000        a/o June 30, 2011

http://www.otcmarkets.com/stock/GATA/company-info







RECENT NEWS

 

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UPDATE: Groupe Athena, Inc. Continues Pace for Record Fiscal Year With Strong Second

Quarter Sales

 

MUMBAI, INDIA--(Marketwired - Mar 10, 2014) -  Groupe Athena, Inc. (OTC Pink: GATA) today posted their quarterly results for the three months ending December 31, 2013. The company reported revenues of $17,961,452 which is an increase of 21% when compared to the corresponding period in 2012 and represents the strongest 6 month earnings period in the company's history. Operating income for the quarter was also strong at $3, 097,791, an increase of over 26% from $2.45 million for the same period in 2012.

Net income after taxes and depreciation for the period was $2,083,606 or $.044 per share.

With regard the continued strong growth, the company's President, Ms. D Purohit, stated, "I can't put into words how exciting it is to see our dreams become reality. Our core business is thriving and our expansion plans are proceeding as expected. We fully expect 2014 to be a breakout year for Groupe Athena, Inc."

The company reiterates that the strong increase in operating income is due to the continued increases in gross margins and they anticipate further increases as more work is transitioned in-house. Operating margins are approaching 20% currently and management remains committed to attain 40% gross margins over the next few years.

The company's order position also remains very healthy and management expects record total revenues of at least $65 million for the current fiscal year. 

Cash and cash equivalents are at record levels for the company and continue to grow and debt remains virtually non-existent.

To review the complete quarterly report please go to www.otcmarkets.com/stock/GATA/quote and click on "Financials."

The Indian pharmaceutical industry is increasingly focusing on exports to the United States and Europe and GATA is well positioned to help them get their products approved by the respective governing bodies for sales in both regions. All of these are potential clients and the Company believes it has an advantage over competitors due to the facilities based in India, and their ability to deliver quick feedback to clients that could result in expedited order generation. With recent additions to equipment, the company will continue to take on additional contracts and continue to anticipate further growth.


About Groupe Athena, Inc.

 The company is a research and testing organization and helps various pharmaceutical and medical products and devices companies in India and Southeast Asia to get regulatory approvals and facilitate exports of their products to the United States. The Company accomplishes this by assisting clients from concept through development, providing consultation on regulatory requirements, filings and processes.

TThe Company's web address is  http://www.groupeathena.com/

For more information contact:
Paul Cornell
Corporate Shareholder Relations, Inc.

cornellpaul6@gmail.com

 


 

PostSubject
#1250   Yes I hope so. They are working on Traderfan 03/24/14 11:29:35 AM
#1249   Is GATA uplisting anytime soon? Lucky Moneysauce 03/24/14 05:46:32 AM
#1248   GATA needs to hire a PR firm... It's BillyBigBucks 03/15/14 10:16:55 AM
#1247   It certainly is undervalued big time. Traderfan 03/14/14 12:54:18 PM
#1246   P/E of just 2. This stock is incredibly undervalued BillyBigBucks 03/14/14 12:07:13 AM
#1245   With limited float this stock will take off BillyBigBucks 03/12/14 05:50:27 PM
#1244   The company's order position remains very healthy and BillyBigBucks 03/12/14 05:26:25 PM
#1243   GATA has no long-term or short-term debt. BillyBigBucks 03/12/14 05:24:09 PM
#1242   GATA believes this will be a break out year BillyBigBucks 03/12/14 05:20:17 PM
#1241   Amazingly good. Without double checking I believe their Traderfan 02/11/14 10:30:27 AM
#1240   Any thoughts on yesterday's earnings report? TIA Knowledge is King 02/11/14 09:37:37 AM
#1239   I didn't even know that they ever had Traderfan 02/08/14 05:06:28 PM
#1238   Being listed in the pump and dump hall randall899 02/08/14 10:56:11 AM
#1237   At 18 cents it doesn't take much for RealDutch 02/08/14 07:26:49 AM
#1236   You are certainly entitled to your opinion. I Traderfan 02/08/14 07:19:09 AM
#1235   I don't like the company much TF. They RealDutch 02/08/14 07:13:05 AM
#1234   You probably also know it's impossible to find Traderfan 02/08/14 06:03:10 AM
#1233   Then how do you explain this? (from the Traderfan 02/08/14 05:55:04 AM
#1232   $0.2625.. If the painter 10 bagger 09/30/13 10:35:58 AM
#1231   One of the best, it not the best Traderfan 09/27/13 11:44:16 AM
#1230   Thru my research I came up with this downtowner 09/27/13 10:40:59 AM
#1229   Another huge quarter for GATA. Amazing balance sheet Traderfan 09/23/13 11:36:17 AM
#1228   GATA.. $0.2601.. Keeps churning out good news.. It 10 bagger 09/23/13 10:24:45 AM
#1227   The Indian pharmaceutical industry was estimated to be genlou 09/13/13 08:24:49 AM
#1226   Hopefully this a start.. $GATA GROUPE ATHENA, deri21 09/03/13 09:24:23 AM
#1225   "Mumbai, India ? August db7 08/05/13 04:35:57 PM
#1224   sent an email to my son asking him Bobwins 07/31/13 06:55:23 PM
#1223   I figure a PR will soon be forthcoming, Traderfan 07/31/13 03:24:42 PM
#1222   Traderfan found this filing. Looks like GATA Bobwins 07/31/13 01:28:28 PM
#1221   It would be good if he just at Traderfan 03/05/13 11:41:43 AM
#1220   Hmm. My son's in Bangladesh. Maybe I'll Bobwins 03/05/13 11:31:49 AM
#1219   Nice to hear that Bob. Let's hope the Traderfan 03/05/13 11:13:34 AM
#1218   I nibbled today for a starter position. Bobwins 03/05/13 11:10:20 AM
#1217   Hands down one of the best buys out Traderfan 02/21/13 07:17:53 PM
#1216   $GATA could be extremely explosive this morning. Read News Dyson 02/12/13 07:07:38 AM
#1215   Groupe Athena, Inc. Reports Record First Quarter Revenues, SpecTrader 11/14/12 02:52:28 PM
#1214   Earnings looking good on this company, stock undervalued SpecTrader 11/14/12 02:46:40 PM
#1213   Company will become fully reporting in 2013 from Traderfan 11/13/12 06:58:46 PM
#1212   Lot's of interest lately. Traderfan 11/13/12 06:57:38 PM
#1211   Seems like this one is trading nicely lately. Traderfan 11/13/12 06:57:05 PM
#1210   Nice numbers out. Traderfan 11/13/12 06:56:49 PM
#1209   But I think there is no attention?? triest 09/03/12 12:35:27 PM
#1208   Looks very interesting VernD 08/29/12 10:54:52 PM
#1207   Blargen, did you see the results declared? Record triest 08/22/12 05:26:26 PM
#1206   I remember reading this press release too... triest 08/09/12 01:42:50 PM
#1205   Any idea when the company is declaring the parry 08/09/12 01:41:02 PM
#1204   This will definitely bounce back when the full triest 05/04/12 03:28:04 PM
#1203   I didn't intend to be this long and Blargen 05/03/12 12:28:58 PM
#1202   Hello Blargen, Am new to ihub and GATA.Are Money Makers 05/03/12 10:42:50 AM
#1201   Absolutely, hope to hear something.... anything... to breathe Blargen 05/02/12 10:16:27 PM
PostSubject