December 02, 2008

Terra Nostra total revenue in 2008 up by 86% YoY

It is reported that Terra Nostra Resources Corporation expects a 13% increase in revenue for the Q4 of this fiscal year, based on a preliminary review of production volumes and revenues provided by its joint venture partner.

As per report, Terra Nostra Resources Corporation will report revenue of approximately USD 123 million bringing its total fiscal 2008 revenue to up by 86% YoY to USD 532 million from the fiscal 2007’s revenue.

Mr Don Nicholson president of Terra Nostra said that “These preliminary fourth quarter results as reported to Terra Nostra will cap a year of planned execution of our growth strategy and increased value added down stream production.”

The US based company is a majority owner of two joint venture companies in the copper and stainless steel industries in China.