Perla Group International Inc. (PERL:PK), a leader in the international military, police and security solutions sectors, announced today it had secured its second major contract win in as many months in its Armored Cars Division. The contract is for supply of Toyota 4x4 vehicles to a major Iraqi distributor, and will mark a new relationship for the region.
The purchase order, the 2nd biggest order in the company's history, will increase the company's revenues to over $12 million over the period from Jan - April 2012. This is a fourfold increase revenues for fiscal year 2011 which were $3.1Mill.
Perla Group International President and CEO Charles D'Alberto commented, "We are truly delighted at this outstanding achievement in the company's growth. To achieve this revenue growth in only 4 months into the 2012 year represents an unprecedented event in the company's 5 year history." He added, "This dramatic increase in revenue demonstrates how extraordinary the growth in our sector/company is, and excites us moving forward."
A spokesman for the client, Mr. Jamal Al Rafaee, from Amman, Jordan, commented, "The relationship with Perla Group was established some 5 years ago, and we are very satisfied with the company's history in delivering of previous high profile projects in Iraq, and throughout the Middle East region."
The new purchase order contract is expected to be delivered on through the months of May and June 2012. The company is continuing with its efforts to evaluate several companies for its proposed Aviation Division acquisition, and is expected to finalise closure prior to the end of June 2012.
The company recently posted its 2011 fiscal year results of $3.1 million in annual revenues, another profitable year, and a 55% reduction in the shares structure to now around 224 million issued and outstanding.
Source: Perla Group International Inc.
Date: May 4, 2012