ETLT earning is finally out.. Trailing PE under 3
Eternal Technologies Group, Inc. Announces Year-End Results
Tuesday April 1, 5:18 pm ET
HOUSTON--(BUSINESS WIRE)--Eternal Technologies Group, Inc. (OTCBB:ETLT - News): 2007 Summary
Revenues increased 23.9%
Earnings increased 38.3%
Earnings per share increased 27.3%
Stockholders Equity increased 29.56% to $1.40 per share
Eternal Technologies Group, Inc. (OTCBB:ETLT - News) today reported record revenues and record earnings for the year-ended December 31, 2007. Revenues for the year-ended December 31, 2007 increased by $6,872,615 or 23.9% to $35,590,718 from $28,718,103 for the year-ended December 31, 2006. Cost of sales for the year-ended December 1, 2007 increased by 5,157,066 or 27.2% to $24,143,968 from $18,986,902 for the year-ended December 31, 2006. As a result our gross profit increased by $1,715,549 to $11,446,750 for the year-ended December 31, 2007 from $9,731,201 for the year-ended December 31, 2006.
Operating expenses including depreciation, research and development expense, increased by $1,427,646 or 30.2% to 6,161,083 for the year-ended December 31, 2007 from $4,733,437 for the year-ended December 31, 2006. Other income increased by $1,627,839 to $2,067,535 for the year-ended December 31, 2007 from $439,696 for the prior year.
Income tax expenses increased by $46,053 to $601,845 for the year-ended December 31, 2007 from $555,792 for the prior year.
As a result of the foregoing, the Company’s earnings increased by $1,869,689 or 38.3% to $6,751,357 for the current year from $4,881,668 for the prior year. Per share earnings increased $.03 per share or 27.3% to $.14 per share for the year-ended December 31, 2007 from $.11 for the year-ended December 31, 2006.
For the year-ended December 31, 2007 total stockholders equity increased by 16,616,139 or 29.56% to 72,822,262 from $56,206,123 as of December 31, 2006. Book Value per share as of December 31, 2007 was approximately $1.40 per share ($1.397).
For 2008, the Company anticipates additional earning growth as the 2007 acquisition begins to contribute to the Company’s earnings.
