In Winnipeg, MB, a financial report was released on August 14, 2024, indicating that sales revenue for the quarter had increased by 15.9%, reaching $78.3 million compared to $67.6 million in the same period last year. The total revenue for the first six months of 2024 was $149.4 million, showing a $25.8 million increase from the previous year. The company has successfully addressed supply chain issues and continues to experience strong demand for its products.
The financial statement for the second quarter of the year and the first six months ending June 30, 2024, showcased the company’s performance over the period, with revenue, net income, and net income per share detailed in comparison to the previous year’s figures.
Looking towards the future, the company expects sales to improve further in 2024 as efforts to resolve supply chain challenges continue. Following the acquisition of majority shares by ASKO Sinai in December 2023, the company has received significant support to drive sales growth and return to profitability. It is projected that profit margins will also see improvement in 2024 compared to the previous year due to operational efficiencies and cost reductions.
For complete financial statements, interested parties can refer to the company’s website. The trading symbol for the company is BUI.
A disclaimer regarding forward-looking statements was included in the report, cautioning investors on the risks and uncertainties associated with projecting future outcomes based on current information. The company disclaims any obligation to update or revise forward-looking statements unless required by applicable securities law.
For more information, individuals can contact Willy Janzen, the Chief Financial Officer, at (204) 654-5718 or via email at [email protected]
