Falken Industries Ltd Reports Year End and Fourth Quarter 2011 Results; Announces 2012 Financial Outlook
February 07 2012 - 10:20AM
Marketwired
Falken Industries Ltd (OTCBB:FLKI) today reported fourth quarter
2011 net profit per share (EPS) of $ 0.0114 or 36% of its current
depressed share price which were last bid at $ 0.031. Operating
Revenues rose 15.77 percent on strong net margins of 32.2%
notwithstanding heavy distributor support for promotion and
marketing expense.
"I'm pleased to report that 2011 was a solid year for Falken
Industries Ltd," said Manuel Garcia, Communications Officer. The
company has been profitable since 2009, with major improvements
noted in 2011. Responding to a recent inquiry, Garcia stated: "The
company's publicly traded shares are simply not representative of
either the company's performance or value." The shares are
currently trading at 37% of Falken's stated book value, undoubtedly
reflecting the company's priority interest in its core business and
neglect of the investment banking community, a problem which is
being addressed according to a company spokesman.
"With forthcoming acquisitions and development of intellectual
properties the company will continue its record of delivering
fundamental value to its shareholders", said Garcia. "We are
working hard at translating that fundamental value into share value
and believe this year will prove quite rewarding", added
Garcia.
As it enters 2012, Falken Industries Ltd will continue its focus
on growth-oriented acquisitions and activities. "We'll continue to
execute a consistent, balanced growth strategy, where strategic
acquisitions and organic growth are priorities", continued
Garcia.
2012 Financial Outlook
The company will discuss both its 2011 performance and 2012
financial outlook in greater detail during the analyst and trade
conference being held at its European facility today.
About Falken Industries Ltd:
Falken Industries Ltd (OTCBB:FLKI) is a diversified industrial
conglomerate that operates in Chemicals, Wet Wipe and Biodegradable
Technology. Falken Industries Ltd is the concept behind more than
160 products distributed through a network of global platforms and
the recipient of trade awards for innovations, biodegradability and
environmental and health quality standards.
SAFE HARBOR STATEMENT: This news release contains
"forward-looking statements" made pursuant to the safe harbor
provisions of the 1995 Private Securities Litigation Reform Act.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"future", "plan" or "planned", "will" or "should", "expected",
"anticipates", "draft", "eventually" or "projected". Such
statements are subject to risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements, including the
risks that our products may not achieve customer acceptance or
perform as intended, that we may be unable to obtain necessary
financing to continue operations and development, and other risks.
You should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements.
Contacts: Falken Industries Ltd Manuel Garcia Communications
Officer +1609 357 0316mgarciafaure@falkenltd.com
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