NWGC.0014.HUGE Q3 FILED AFTER CLOSE FRIDAY $2,438,000 INCOME and revenues of $7,671,561 for the 9 monthTHE Q3 WAS FILED FRIDAY AFTER THE MARKET CLOSE. http://www.otcmarkets.com/financialReportViewer?symbol=NWGC&id=129185 The Company had revenues of $7,671,561 for the 9 month period ending September 30, 2014 versus $5,907,327 last year. This is an increase in revenue of $1,764,234 or 30%.
The Company had a net income of $2,438,000 for the 9 months ending September 30, 2014 versus $1,592,262 last year. This is an increase in profits of $845,738 or 53.1%. The third quarter net profit for September 30, 2014 of $845,738 is $237,242 greater than the profit for the entire previous year ending December 31, 2013.
The Balance Sheet shows total assets of the Company for the period ending September 30, 2014 is $13,849,922 versus $9,654,759 last year. NEW WORLD GOLD CORPORATION NOTES TO FINANCIAL STATEMENTS For the Nine Months Ended September 30, 2014 (Unaudited) The Accompanying Notes are an Integral Part of the Financial Statements NOTE 6 – MANAGEMENT DISCUSSION OF OPERATIONS The Company had a very good nine (9) month for the period ending September 30, 2014. During this period the Company increased revenues and profits. The Company continues to produce its own reserves as well as milling ore on a contractual basis for independent miners. The company will continue to increase its proven developed reserves through acquisition of new reserves and development of existing probable reserves. Operating costs and revenues are difficult to predict and there can be no assurances that revenue will continue to exceed operating costs in the foreseeable future. For this reason and other factors, the company may find it necessary to raise additional capital to maintain its position in the projects and/or fund further expansion.
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