Just a heads up to everyone that likes following good companies. AMMX just released year end financial statement today and it was OUTSTANDING!! This was already a damn good company before, this makes the deal even sweeter. Do your own research, dont trust me. I'm just making a recommendation for a lead. This company is poised for a huge run, and will IMHO continue to grow to the dollars over the next year or so.
AmeraMex International Reports Year-End Financials: Revenue Increased 79 Percent and Net Income Increased 362 Percent GlobeNewswire "Press Releases"
CHICO, Calif. , March 28, 2014 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment to infrastructure, shipping, logging and construction companies, today reported financial results for its financial year ended December 31, 2013 .
Highlights for the Year Ended December 31, 2013
Revenue Increased 79 Percent
The company reported revenue of approximately $6.1 million with gross profit of $2.6 million compared to revenue of approximately $3.4 million with gross profit of $2.4 million for the year ended December 31, 2012 .
Net Income Increased 362 Percent
The company reported a net income for the year of approximately $.485 million compared to net income of $.105 million for the year ended December 31, 2012 . This is due in part to a decrease in operating and financial expenses.
Stronger Balance Sheet
Cash and cash equivalents increased from $33,119 in 2012 to $817,208 in 2013
Total Assets increased from $892,250 in 2012 to $2.7 million in 2013
AmeraMex CEO Lee Hamre commented, "We are all pleased to report a much improved year and while it is imperative that we continue to grow revenue and increase our bottom line, it is equally important that we present a strong balance sheet to shareholders and potential customers.Kevin Atkin, our new CFO has done a remarkable job of cash management, which is reflected in a much stronger balance sheet for 2013.His work within the accounting department and other areas of our company has created a much-desired cohesiveness within the management team helping us better manage the company's continued growth and significant potential."
Hamre continued, "During our February 14th shareholder conference call, we discussed the potential in Niger and provided a project update.I have just returned from Niger and expect to provide an update regarding our trip within the next few days."
AI
