WWA Group, Inc. has announced record revenue, gross profit and net income for the six-month period ending June 30, 2008.

Gross revenue for the January through June 2008 period increased by 15% over the same period in 2007, to nearly $16 million. Gross profit for the January through June 2008 period increased by 7% over the same period in 2007, to over $4.1 million. Net income for the January through June 2008 period increased by 27% over the same period in 2007, to nearly $1.1 million or $0.06 per share.

WWA Group recognized its highest auction and service commission revenue ever in the recent six month period. Gross trading revenue, gross profit, and net income totals for the recent six-month period were also the highest ever recorded by the company.

WWA Group is planning three more physical auctions at its Dubai facility in September through December 2008, and is projecting increases in auction and trading revenue, gross profit and net income for full year 2008.

Actual sale prices for all items sold at our auctions are published for members at www.ironauctions.com. Member registration is free on the site, by clicking on “Auction Results.” Lists of equipment for sale at upcoming WWA Group auctions are updated daily on the site.

For investor information, visit http://www.wwagroup.com.

Posted: 08|24|08 at 9:03 am. Filed under: Middle East.