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The net loss for the second quarter ended June 30, 2008 was $(20,864) or $(0.006) per share (2007: $(43 986) or $(0.017) per share).
SUMMARY OF INCOME STATEMENT INFORMATION ---------------------------------------------------------------------------- June 30, June 30, Earnings 2008 2007 ---------------------------------------------------------------------------- Interest income $ 1,287 $ 1,963 Net income (loss) $ (20,864) $ (43,986) Per share - basic and diluted $ (0.006) $ (0.017) Weighted average shares outstanding - basic and diluted 3,240,000 2,527,912 ---------------------------------------------------------------------------- SUMMARY OF CASH FLOWS INFORMATION ---------------------------------------------------------------------------- June 30, June 30, Cash Flows 2008 2007 ---------------------------------------------------------------------------- Cash from operating activities $ (38,920) $ 5,863 Cash from investing activities $ 0 $ 0 Cash from financing activities $ 0 $ 237,565 Increase (decrease) in cash $ (38,920) $ 243,428 Cash - beginning of quarter $ 395,517 $ 223,421 Cash - end of quarter $ 356,597 $ 466,849 ---------------------------------------------------------------------------- SUMMARY OF BALANCE SHEET INFORMATION ---------------------------------------------------------------------------- Balance Sheet June 30, December 31, 2008 2007 ---------------------------------------------------------------------------- Cash $ 356,597 $ 401,874 Total Assets $ 467,401 $ 402,379 Total Liabilities $ 103,737 $ 12,314 Share capital $ 555,000 $ 555,000 Total Shareholders' Equity $ 363,664 $ 390,065 Total Liabilities & Shareholders' Equity $ 467,401 $ 402,379 ----------------------------------------------------------------------------
The Company's June 30, 2008 financial statements may be viewed on SEDAR at www.sedar.com.
SOURCE: Fronsac Capital Inc.
Fronsac Capital Inc. Michel Cholette President (450) 973-4144
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