Although revenue and gross profit is down from the same period last year, management has controlled operating costs reducing those costs by $62,488 over the six month period and increasing EBITDA by $7,830.
Overall business for the first six months was lower in our E waste division, primarily due to the issues surrounding shipment of plastic waste to China for recycling. Because of the new tariffs, China has stopped importing this waste plastic. This resulted in lower revenues for the first six months in this division.
We closed the acquisition of the customers of Evolve on May 31, 2018. The benefits from that acquisition will be seen in the second half of 2018.
