AMMX.0076.TREMENDOUS ALERT.ENORMOUS $1,2 MIL.NET PROFIT Q1 ON AMMX.
THIS THING SHOULD BE TRADING IN .05 WITH THIS KIND OF REPORT.THERE IS NO F STOCK MORE UNDERVALUED THAN AMMX AFTER READING THIS REPORT.A MUST READ.
AmeraMex International Reports Revenue of $3.2 Million with Net Income of $1.2 Million for the First Quarter of 2016
CHICO, CA – May 16, 2016 – AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, today reported financial results for its first quarter ended March 31, 2016.
Highlights for the First Quarter Ended March 31, 2016
· Revenue for the first quarter was approximately $3.2 million versus revenue of $.936 for the comparable quarter.
· Gross profit for the first quarter was approximately $2.7 million—a significant increase when compared to gross profit of $.549 million for the quarter ended March 31, 2015.
· Gross profit margin, as a percentage of revenue, was 83 percent, versus a gross profit margin of 59 percent for the comparable 2015 quarter.
· The company net profit for the quarter of $1.2 million (after taxes) compared to net profit of $.020 million for the first quarter ended March 31, 2015.
· First quarter balance sheet continues to improve when compared to the 2015 year-end balance sheet.
· AmeraMex International received $3.7 million in sales and rental contracts during the first quarter and to date in the second quarter, the company has reported approximately $1.8 million in sales.
AmeraMex CEO Lee Hamre commented, “Progress has been made with various projects in our African pipeline but there hasn’t been any significant breakthroughs since our March 25 conference call. When there are, we will happily share the information via a public news release.
“We are gearing up for the beginning of our SEC audit and are pleased to ‘get the show on the road’ to become a fully reporting company. I am also happy to report that we expect to sign a dealership agreement with a U.S.-based equipment manufacturer. This dealership agreement will increase the depth of our product line and provide a more cost-effect solution for our potential customers in Africa. We are pushing to make this happen within the next three to four weeks, added Hamre.”
To view balance sheet and income statement, please follow directions to open attached PDF.
