Monday, July 22, 2019 2:22:51 PM
http://www.tesoroenterprises.us/news.html
July 22, 2019
Tesoro Enterprises, Inc. (TSNP) has released its Quaterly Report for the six months ended June 30,2019. Net sales for the three month period ending June 30, 2019 were $73,249 compared to Net Sales of $73,444 for the six month period ending June 30, 2018. Net income for the six month period ending June 30, 2019 was $8,304 compared to Net Income of $8,786 for the six month period ending June 30, 2018. Financial Statement for the six month period ending June 30, 2019,and for the twelve month periods ending December 31, 2018 and December 31, 2017are embedded below.
Company CEO, Henry J. Boucher, stated that " Net sales were basically unchanged for the six months ended June 30, 2019 compared to the six months ended June 30, 2018". The flat net sales are representitive of the stagnant economies of the Northeast part of the country primarily operates. Month to month revenues have smppthed out considerably; therefore, the company should exceed the revenue and income numbers from 2018.
Several shareholders have communicated with company asking about our plans for the company. In response to those inquires, the company continues to search for a partner that can make use of our public company structure. We have been approached by several interested parties but the offers have included significant reverse stock splits , which would be onerous to the current shareholder base. To date, the company has preferred to pass on these offers and wait for more attractive opportunities that would treat our current shareholders more fairly.
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