Alan.. From the press release 10/31. It can be found on Yahoo News wire. Note that most of their profits are from existing silver, copper, gas and Oil projects. Their joint venture with MDIN (the gold mind that they own 20% of is not producing yet). Also Net Profit can be found across from Net Profit. Funny how that works isn't it. NPEC can gross another 2M before they start paying taxes. Not bad when you consider that their profit margin is 97%. You won't find margins like this in any industry except for oil and gas.
Summary Consolidated Financial Information
Year End 6 months to
March 31, 1997 September 30,1997
Assets
Current $1,164,860 $3,117,363
Property, Plant $2,601,580 $3,015,702
and Equipment
Total $3,766,440 $6,133,065
Liabilities
Current $160,477 $211,293
Long Term $305,179 $771,864
Total $465,626 $983,157
Shareholders Equity $3,300,814 $5,149,908
Gross Revenue $520,874 $2,320,799
Direct Expense $263,653 $387,905
Gross Profit $257,221 $1,932,894
Other Expenses $113,186 $83,800
Net Profit $144,035 $1,849,094
Note: No provision for income taxes are recorded as previous
accumulated tax losses applicable to future income exceeds $4,000,000.
Corporate Statement
It is the intent of the officers and directors of NPEC to place our
emphasis and dollars on those projects which will provide, in the
immediate and long term, the highest cash flow and asset value to the
Company. |
