138SL books 56% decline in first quarter profit
February 15, 2018 138SL’s Income increased by 77% to $191.63 million relative to the $108.04 million recorded for the comparable period the prior year. The company noted that, “Revenue for the current quarter to December 31, 2017 was not at its optimum and was lower than expectations. Other Operating Income rose 3% to $7.27 million (2016: $7.06 million) for the period in review. As such, total income for the quarter amounted to $198.90 million compared to $115.11 million booked in 2016. Administrative expenses increased by 56% to amount to $85.17 million $2016: $54.68 million). The company indicated that, “In the
RJR Recorded Net Profit of $43.78 million-nine months ended December 2017
February 13, 2018 Revenues for the nine months declined by 4% to $3.87 billion compared to $4.02 billion for the comparable period the prior year. The quarter added a 2% increase to close at $1.40 billion (2016: $1.36 billion). Direct Expenses has declined by 4% to $1.84 billion relative to $1.90 billion for the same period in 2016. As a result, gross profit declined by 4% to 2.03 billion (2016: $2.12 billion) year to date. The Company had a 3% decline in total operating expenses to $2.01 billion when compared to $2.06 million posted in the same period in 2016. This
HONBUN reports 27% decline in net profit for the first quarter
February 13,2018 Honey Bun Limited (HONBUN) for the three months ended December 31, 2017 reported total revenue of $322.83 million, a 3% or $10.38 million increase when compared with the $312.44 million reported for the corresponding period in 2016. Cost of sales rose by 3% to total $178.87 million for the quarter relative to $173.80 million reported for the same period in 2016. As a result, gross profit increased 4% for the three months ended December 2017, to total $143.96 million relative to the $138.64 million recorded for the same period for the 206. The company reported other loses of