Tags: Travel Agents
Bowlin Travel Centers Reports Years of Consecutive Profits
Bowlin Travel Centers, Inc. (BULLETIN BOARD: BWTL) has recently reported net sales from continuing operations increased 19.3% to $27.751 million for the twelve-months ended January 31, 2007, compared to net sales from continuing operations of $23.252 million for the same twelve-month period in the prior fiscal year.
Earnings per share for the twelve-month period ended January 31, 2007 was $0.13 per basic and diluted share, compared to $0.14 per basic and diluted share for the twelve-months ended January 31, 2006.
Net sales from continuing operations for the fourth quarter period of fiscal 2007, increased 22.2% to $6.351 million compared to $5.199 million for the fourth quarter period ended January 31, 2006. Earnings per share for the fourth quarter period ended January 31, 2007 was $0.05 per basic and diluted share compared to earnings per share of $0.03 per basic and diluted share in the same period of the prior year.
Michael L. Bowlin, Chairman, President and Chief Executive Office stated, “I am pleased to report the results of this our 35th year of profitability. Gross sales increased this fiscal year but were tempered by the need to offer heavier discounts in some locations and a general increase in the cost of goods sold. We were able to hold the increase in G&A to a manageable 2.7% increase through the successful supervisory support programs that have been in place for sometime plus the dedication of the management teams at our travel centers that are a vital key to our success.”
Strategically located on major interstate highways, the Company operates travel centers that utilize co-branding agreements with national companies. The Company’s current operations are located in the Southwestern United States.
Visit their web sites at: www.bowlintc.com and www.shopbowlin.com
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