MEEG reports 3% increase in year end net profit
December 31, 2019 Main Event Entertainment Group Limited (MEEG) for the year ended October 31, 2019 recorded a total of $1.80 billion in revenue compared to $1.40 billion booked for the year ended October 31, 2018. Revenue for the quarter rose 31% to close the quarter at $435 million relative to $331.49 million booked for the corresponding period in 2018. Notably, the Company mentioned, “we have successfully developed attractive new opportunities that have fostered growth. We have achieved double digit gains in all core revenue categories; and our newer service offerings have contributed $177.501 million or 10% of revenues this past
138SL reports year end net profit of $22.97 million
Date: December 31, 2019 138SL’s revenue increased by 30% to $1.01 billion relative to the $780.74 million recorded for 2018. Other operating income decreased for the year under review, by 23% to $41.50 million relative to $53.66 million reported for the year ended September 30, 2018. Revenue for the fourth quarter surged to $362.29 million (2018: $163.34 million), while other operating income fell by 49% to $13.74 million (2018: $26.89 million). Administrative expenses increased by 53% to $794.03 million (2018: $519.14 million). Administrative expenses for the quarter experienced a 32% increase to $230.31 million (2018: $184.90 million). Operating profit for
CAC 2000 reports year end net loss of $26.51 million
Date: December 31, 2019 CAC 2000 (CAC) revenues for the year ended October 31, 2019, declined by 7% to close at $1.12 billion (2018: $1.21 billion). Revenues for the fourth quarter increased by 27% to $382.51 million compared to $302.18 million for the same period in the prior financial year. Management stated that, “we have seen a ramping up of revenues in our last quarter and we started our new financial year with over $870M of contracts in hand.” Cost of sales inched up by 1% for the period to $768.68 million (2018: $757.80 million). Consequently, Gross Profit for the year