TORONTO, April 16, 2015 /PRNewswire/ -- Atlantic Wind
& Solar, Inc. (OTC: AWSL) is pleased to announce its
results on financial operation for fiscal year ending Dec 31, 2014.
Sales growth continued with sales up 38 % to $5,409,135.00 and profitability up substantially
to 2,410,768.00 representing a 1,138% improvement for the same
period.
Operating expenses dropped for the 6th straight year to
542,355.00 down 46.6% from the previous year.
The balance sheet was improved significantly with accounts
payable and accounts receivable reductions of 45.4% and 53.7%
respectively.
Total liabilities were reduced to 2,267,031 down 53% against
total assets of 4,407,107.
Commenting on the results, Chairman & CEO Gilles Trahan said: "I am pleased to report
Atlantic continued its sales and earnings growth pattern
established over the past five years. This was despite the foreign
exchange hit on Canadian dollar derived sales. We are very proud of
the work we have done to strengthen our balance sheet and continue
to cut costs while still growing our sales pipeline. I thank our
team for their dedication."
To read the full report visit
http://www.atlanticwindandsolar.com/news-82.html
About Atlantic Wind and Solar Inc:
Atlantic is a developer of utility scale renewable energy plants
with over 650 MW's of projects at various stages of development in
Canada, South America and the Caribbean.
For more information and to sign up for news alerts and updates
visit the company's web site at: www.AtlanticWindandSolar.com.
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth within this
website and these communications in making any investment decisions
concerning our securities. The matters set forth in this press
release are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially. These risks are detailed from time to time in the
Company's periodic reports filed with the OTCMarkets.com including
the company's Annual Report, Quarterly Reports and other periodic
filings. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update
these forward-looking statements. Nothing within this site is meant
to be a solicitation to buy or sell our securities. Investing in
over the counter (OTC) securities often carries a high degree of
risk. Please contact your financial advisor before investing in our
securities.
Atlantic Wind & Solar Inc.
Main: +1-(416)-900-0380 ext 321
Toll Free: +1-(800)-891-1657
Email: info@atlanticwindandsolar.com
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visit:http://www.prnewswire.com/news-releases/atlantic-wind--solar-records-profits-of-over-24million-in-2014-up-1138-from-2013-300067019.html
SOURCE Atlantic Wind & Solar, Inc