Terra Nostra (TNRO.OB) Reports Record Results: Quarterly Revenues of $172.7 Million and Operating Profits of $13.3 Million
Terra Nostra Resources Corporation (TNRO), a majority owner of two joint venture companies in the copper and stainless steel industries in China, announced record fiscal results for the financial quarter that has ended August 31, 2007. The revenue reported totaled $172.7 million, up 290% from the same period one year ago. Operating profits were $13.3 million, up 605% from the same period a year ago. At the same time, comprehensive net income totaled $7.2 million, representing a huge increase from the $1.1 million loss during the last fiscal period. Furthermore, revenues for the fiscal quarter that ended August 31, 2007 were…