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Mayberry Research 2021-10-05T03:32:45-05:00

PBS netted loss of US$234 thousand for 1Q 2018

June 8, 2018 Productive Business Solutions Limited (PBS) for the three months ended March 2018, reported a 1% decline in revenues from US$42.45 million for the 2017 period to US$42.20 million in 2018. Direct expenses recorded a decline to close the period at $US$23.44 million when compared to US$23.90 million for the same period of 2017. As such, gross profit for the period improved 1% to US$18.76 million (2017: US$18.55 million). Selling, General and Administrative Expenses amounted to US$16.81 million, US666, 000 more than that reported in 2017. As such, operating profit decrease by 22% to total US$2.11 million relative to