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Bodhi S

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Bodhi S

Re: premiumjavacoffee post# 3786

Wednesday, 04/01/2015 10:55:27 AM

Wednesday, April 01, 2015 10:55:27 AM

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YGYI reported net Income of $5.4 million compared to $2.7 million in the prior year. The increase in net income was "substantially due to a tax benefit of $4.7 million, which was mostly attributable to valuation allowance adjustments relating to deferred taxes".

So without the tax deferral, they actually generated substantially less profit ($700 K) compared to last year ($2.7 million).

It's not like reading tea leaves. The numbers are pretty simple to grasp.
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