Winalta Inc.
TSX VENTURE : WTA.A

Winalta Inc.

April 03, 2007 15:39 ET

Winalta Inc. Announces 1st Quarter Financial Results

EDMONTON, ALBERTA--(CCNMatthews - April 3, 2007) - Winalta Inc. (TSX VENTURE: WTA.A)

The financial results for the three months ended January 31, 2007 are now released and available at www.sedar.com.

The Company reports a net loss of $978,000 for the three months ended January 31, 2007 on revenues of $17.22 million compared to a net loss of $481,000 on revenues of $17.27 million for the three months ended January 31, 2006.



Financial Highlights Three months ended January 31
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(in thousands of dollars
except per share amount) 2007 2006
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Sales $ 17,216 $ 17,266
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Gross Profit 2,518 2,107
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Net Loss 978 481
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Loss per share $ 0.05 $ 0.04
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Winalta's first quarter under new leadership reflects the first stages of returning operations to profitability. Demand for the Company's products and services is expected to remain strong and overall profitability is anticipated for the upcoming quarters based on implemented pricing strategies and improvements in production and quality.

Winalta Inc. and through its subsidiaries is a land developer in western Canada as well as a producer of manufactured and modular CSA certified homes and site built homes. In addition, it manufactures industrial trailers and camps.

Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A."

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Winalta Inc.
    Ray Hawrelak
    Chief Financial Officer
    (780) 960-6900