BeaconEquity.com announces the publication of ‘General Automotive Company (GNAU) Reports 51 Percent Increase in Q1 Revenues’
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In the article the author covers General Automotive Company Reports Q1 Revenues:
“What commonly drives market demand is the efficiency of the product or service and the availability of these services to end-users. In the automotive parts industry, products are expected to meet the immediate and specialized needs of car owners, being in a highly mobilized and competitive market. The wholesale and retail auto parts industry includes approximately 45,000 companies with combined annual revenue of $135 billion.
“General Automotive Company (GNAU) is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally.
“General Automotive recently announced its financial results for the first quarter ended March 31, 2008. Revenue for the 2008 first quarter rose 51 percent to $4.07 million from $2.69 million in the 2007 first quarter. Gross profit for the 2008 first quarter was $345,000, as compared to $482,000 in for the same quarter last year; the company recorded a net loss of $504,000…”
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