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Defense Industries International Reports First Quarter 2008 Financial Results.

Publication: Business Wire
Publication Date: 20-MAY-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ASHKELON, Israel -- Defense Industries International, Inc. (OTCBB:DFNS), a leading manufacturer and global provider of personal military and civilian protective equipment and supplies, announced financial results for the first quarter ended March 31, 2008.

Net revenues for the first quarter reached $3,125,302 compared with $3,914,572 in the first quarter of 2007.

Total sales to the local market reached approximately $2,246,219 in the first quarter of 2008, compared with sales of approximately $2,422,411 in the first quarter of 2007.

Gross profit for the first quarter of 2008 was $743,144 compared to $1,288,167 for the first quarter of 2007. The decrease in gross profit is principally attributable to the decrease in sales.

Selling expenses for the first quarter of 2008 decreased to $157,144 from $239,765 in the first...

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