Jetcon reports 143% increase in six months Net Profit.
Jetcon Corporation Limited (JETCON) For the six months ended June 30, 2017: Revenue for the six months increased 62% to total $548.23 million, up $209.79 million from the $338.44 million recorded in the prior year. For the quarter the company saw a 52% increase in revenue totalling $291.92 million compared to (2016: $192.41 million) Costs of Sales amounted to $438.75 million, an increase of 56% compared to $280.86 million booked in the corresponding period for 2016. As such, Gross Profit moved from $57.58 million to $109.48 million, an improvement of approximately 90% year over year. Total Expenses for the six
CHL records a 9% decline in nine months net profit
Cargo Handlers Limited (CHL) for the nine months ended June 30, 2017 reported revenues of $255.44 million, 9% higher than the $234.37 million booked in 2016. However, revenue for the quarter contracted 9% to $73.83 million relative to $81.07 million documented for the corresponding quarter of 2016. The company noted, “this result was due in part to the absence of any project cargo thru-put this period as well as a reduction in Exchange Gain.” Other income fell 67%, moving from $10.46 million in 2016 to $3.42 million. Notably, CHL booked a gain on exchange of $2.23 million compared to nil for the
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