North America Frac Sand Inc (NAFS)

[Screech691]

$NAFS is turning a profit!

Gross Profit
Gross profit for fiscal year 2019 was slightly over $1 million compared to $793,000 in fiscal year 2018, an increase of $207,000, or 26%. Despite an on-going trade war between China and the U.S. that has affected may trade sectors including outbound tourism to the U.S., the Company still managed to increase its gross profits.

Net Income
Net income was $250,000 in fiscal year 2019, a 15% increase from the previous fiscal year 2018. The increase in net income is a result of increase in gross profit.