Tuesday, August 15, 2017 10:43:13 AM
Net Sales. Net sales for the three months ended June 30, 2017 were $2,027,285, an increase of $1,022,672, or 101.8% compared to $1,004,613 for the three months ended June 30, 2015. The increase is attributable to the acquisition of ABC Service Inc. and ABC Services II Inc.
Net Profit (loss). Net profit for the three months ended June 30, 2017 was $29,365 an increase of $208,142, or 116.4%, as compared to a net loss of ($178,777) for the three months ended June 30, 2016. We believe that continual cost cutting based on synergies, as well as economies of scale, will further improve our profit and margins.
Net Profit (loss). Net profit or the six months ended June 30, 2017 was $398,288 an increase of $721,878 as compared to net loss of ($323,590) for the six months ended June 30, 2016.
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