Budget Waste Inc. is proud to announce earnings for the first fiscal quarter of $.04 per share, as disclosed last week following the release of Financial Results for the period ending June 30, 2008. This is the first quarter that the company has posted earnings, which are a direct result of the many changes implemented by management in the past two years.
Operational Profits went from negative $685,955 for the same period last year to a profit of $47,296 for the current year. The company’s gross margins also increased during the first quarter to 29% as compared to 19% for the previous year. These Results are derived from increases in operational efficiencies implemented by management as discussed in past releases.
“We are very excited about our recent results,” stated Jim Can, CEO of Budget Waste. “We are confident that the improvements and efficiencies we have implemented in our operations will lead to similar quarterly results for the rest of this fiscal year, with profits anticipated for the year end.”