WINCHESTER, ON,
May 30, 2013 /CNW/ - Botaneco Corp.
(the "Company") (TSXV: BOT) reports that the revenue of
$750,039 was recorded for the three
months ended March 31, 2013
representing an increase of $103,809
(16%) over the same period of the prior year. These increased
revenues are primarily attributable to the sales generated by
Natunola of $625,480.
A net income of $292,214 was recorded for the three months ended
March 31, 2013, as compared to a net
loss of $852,417 for the same period
of the previous year, an increase of $1,144,631. This gain was attributable to: (a) an
increase in revenues and gross profit due to the sales of Natunola;
and (b) the gain of $633,646 in the
sale of discontinued operations as disclosed in a previous press
release dated March 28th
2013.
Basic and diluted income per share was
$0.004 for the three months ended
March 31, 2013 compared to a loss of
$0.010 per share seen in the previous
year.
Detailed financial statements and the Management
Discussion and Analysis can be found at the company website site at
www.sedar.com or the company investor website at
www.natunola-agritech.com
About the Company:
For more information regarding Botaneco Corp., please visit
www.botanecocorp.com or www.sedar.com
Some of the statements contained in the release are
forward-looking statements, such as estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Since forward-looking statements
address future events and conditions, by their very nature, they
involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in
such statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Botaneco Corp.