Verus International Inc (VRUS): Our total revenues increased 15.25%, or...

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Re: $treet Trader post# 3239

Wednesday, 06/20/2018 4:28:49 PM

Wednesday, June 20, 2018 4:28:49 PM

Our total revenues increased 15.25%, or $164,343 , to $1,241,706 for the three months ended April 30, 2018 , compared to $1,077,362 for the three months ended April 30, 2017 . The increase in revenues is attributable to increased sales from our food business.

The Real Estate segment revenues decreased $15,734 , or a 17% decrease from prior year. The decrease in Real Estate segment revenues is the result of a wind-down of the Real Estate operations in preparation for the spin-off of the segment.

The Food Products segment revenues increased $180,077 , or an 18.28% increase from prior year. The increase in Food Products segment revenues is the result of an increase in cash flow allowing us to procure additional products for sale.

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