Profit Planners Management, Inc. Reports Second Fiscal Quarter and First Six Months 2012 Results
15 Janvier 2013 - 5:14PM
Marketwired
Profit Planners Management, Inc. (OTCQB:
PPMT) today announced financial results for fiscal 2012 for the six
months ended November 31, 2012. Revenues were $453,210 compared to
revenues of $187,700 in the prior year period a rise of 141%. Net
profit for the first six months of the Company's fiscal 2012 was
$18,000 as compared to a net profit of $14,700 for the first half
of fiscal 2011.
For the quarter ended November 31, 2012 the Company posted
quarterly revenue of $202,410 and a loss for the quarter of
$(40,753). These results compare to revenue of $141,063 and net
quarterly profit of $4,367 in the year-ago quarter. This represents a 43% increase in revenues. During
the quarter, selling, general and administrative expenses rose
substantially as the company developed its sports and entertainment
practice and increased its presence in the South Florida
market.
"We have continued to expand our company and its practice
areas," said Wesley Ramjeet, PPMT's CEO. "We are focusing on
increasing the customer base of the company, increasing the
company's revenues and broadening our business areas. We now
operate in five business areas: management services and advisory
consulting; CFO, accounting and tax services; energy and telecom
cost reduction and cost recovery; insurance and healthcare
insurance services; and through our Unified Partners Group, we own
and operate a business to business social media platform to help
businesses grow and increase revenue through social networking. We
are continuing to develop our company infrastructure, we expect to
continue to add additional management in key areas, particularly in
our Florida and West Coast offices and to continue growing our
sports and entertainment advisory practice and through acquisitions
nationwide," he added.
About Profit Planners Management, Inc.
Profit Planners Management, Inc. (OTCQB: PPMT) is a publicly
traded company that provides management, financial, marketing and
other professional services and business solutions. Members of our
team of management professionals have both public accounting and
industry experience, and many of them have successfully started and
operated their own companies. This expertise allows our team to
understand and then implement what a company needs to achieve its
business goals. For more information, visit:
www.profitplannersmgt.com
This press release contains forward-looking statements including
without limitation those about the Company's estimated revenue and
earnings per share. All statements other than statements of
historical fact made in this report are forward looking. In
particular, the statements herein regarding industry prospects and
future results of operations or financial position are
forward-looking statements. These forward-looking statements can be
identified by the use of words such as "believes," "estimates,"
"could," "possibly," "probably," anticipates," "projects,"
"expects," "may," "will," or "should" or other variations or
similar words. No assurances can be given that the future results
anticipated by the forward-looking statements will be achieved.
Forward- looking statements reflect management's current
expectations and are inherently uncertain. Our actual results may
differ significantly from management's expectations.
Contact: Trudy M. Self Self & Associates (909) 336-5685
Profit Planners Management (CE) (USOTC:PPMT)
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