BOCA RATON, Fla.--(BUSINESS WIRE)--New World Gold Corporation (OTC Pink:NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, shows growth through increased revenues and profits for the second quarter ending June 30,2014.
The financial results for the second quarter ending June 30, 2014 show revenues of $4,990,196 versus $3,641,305 last year. This represents an increase of 37% over the second quarter ending June 30,2013. For the period ending the second quarter June 30, 2014, the Company had net profits of $1,503,621 versus $822,172 last year. This represents an increase of 82.9% over the second period ending June 30,2013.
The Balance Sheet shows total assets at $12,537,025 at June 30, 2014 versus $8,560,935 last year. The ratio of asset to liability is 2.6 to 1. The Company continues to show growth in assets, revenues and profits.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol “NWGC”. For further information, please contact the Company at 561-210-8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.