03:54 PM EDT, 08/28/2024 (MT Newswires) -- WestBond Enterprises Corporation ( WBNEF ) was at last look up 12.5% from near 52 week lows late Wednesday afternoon as it announced a return to profitability.

Net profit for the quarter ended June 30, 2024 was $12,566 (compared to a $69,374 loss for the three months ended June 30, 2023). Sales were $2,267,376 for this quarter ended June 30, 2024, which is 19.6% higher than the quarter ended March 31, 2024.

The company said as it continues to add to its production and materials handling staff, more timely shipment of orders is expected. Sales volume continues to grow in all product categories and profits are expected to increase accordingly, it added.

WestBond ( WBNEF ) noted it continues to focus on the food service (hospitality) industry with its expanding product line of high-end, air laid napkins. "Recently installed equipment should allow us to grow market share in Canada and the US. Other product categories are also expected to grow with the addition of related equipment for those sectors," it said.

WBE was at last look up $0.015 at $0.135, compared to a 52 week low of $0.11.

Price: 0.14, Change: +0.02, Percent Change: +12.50