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Global Innovation Fiscal Q1 2009 Sales Up

Published: 15 December 2008
 by Staff
WYLIE, TX -- Global Innovation Corp announces fiscal Q1 2009 financial results. The company is a wholly owned subsidiary of Best Circuit Boards Inc. The company designs, engineers and manufactures PCBs.  

Net sales increased to $9,367,803 for the three months ending October 31, 2008 up 11% compared to the same period in 2007. A one-time large order from a new customer is responsible for the increase.
 
Gross profit for the same period was $1,944,266, also up 11%. Gross margin remained consistent with 2007, at 21%. Net income for the quarter was $160,200.
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