Terra Nostra Resources Corp. (TNRO.OB) Announces Significant Revenue Growth
Terra Nostra announced greatly increased preliminary revenue numbers for its joint operations. Fully consolidated results for the fourth quarter and fiscal year (audited) ending May 31, 2007 are expected in the next 45 days. For the quarter ended May 31, the company’s Shandong Quanxin Stainless Steel joint venture operations generated $88.8 million. The large increase was caused by the growing production at the casting mill. Shandong Jinpeng Metallurgical copper joint venture operations increased their revenues from $39.6 million to $44.5 million, with a total of 4,643 MT of electrolytic copper and copper rods sold. Mr. Sun Liu James Po, CEO…