SUIC Worldwide Holdings Ltd (SUIC)

[DREAM BIG]

From 10Q

Results of Operations

For the nine months ended September 30, 2014, we derived our revenues of $1,166,074 from the consulting service, etc., comparing to $480,725 from the sales of methanol-based and ethanol based fuels to our customers for the nine months ended September 30, 2013.

Our gross profit margin during the nine months ended September 30, 2014 was 13%, compared to 3% for the same period in 2013. This figure represents our regular gross profit margin as a marketing company and distributor.

Selling, general and administrative expenses for the nine months ended September 30, 2014 were $63,644 or 5% of net sales, compared to $485,714 or 101% for the same period of the last fiscal year. Selling, general and administrative expenses consist primarily of payroll, local taxes, investor relation expenses and professional fees.

Due to the factors discussed above, income from operations for the nine months ended September 30, 2014 was $59,378, compared to -$473,147 for the same period in 2013