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Groupe Athena Posts Second Quarter Sales Figures

February 13, 2014

Groupe Athena, Inc. posted their quarterly results for the three months ending December 31, 2013.

According to a release, the company reported revenues of $17,961,452, which is an increase of 21 percent when compared to the corresponding period in 2012 and represents the strongest 6 month earnings period in the company's history. Operating income for the quarter was also strong at $3, 097,791, an increase of over 26 percent from $2.45 million for the same period in 2012.

Net income after taxes and depreciation for the period was $2,083,606 or $.044 per share.

With regard the continued growth, the company's President, D Purohit, stated, "I can't put into words how exciting it is to see our dreams become reality. Our core business is thriving and our expansion plans are proceeding as expected. We fully expect 2014 to be a breakout year for Groupe Athena, Inc."

The company reiterates that the increase in operating income is due to the continued increases in gross margins and they anticipate further increases as more work is transitioned in-house. Operating margins are approaching 20 percent currently and management remains committed to attain 40 percent gross margins over the next few years.

The company's order position also remains very healthy and management expects record total revenues of at least $65 million for the current fiscal year.

Cash and cash equivalents are at record levels for the company and continue to grow and debt remains virtually non-existent.

Groupe Athena, Inc. is a research and testing organization and helps various pharmaceutical and medical products and devices companies in India and Southeast Asia to get regulatory approvals and facilitate exports of their products to the United States.

More information:

www.groupeathena.com

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