Business News • MarketWire • Profit Planners Management, Inc. Reports Financial Results for the First Quarter Ended August 31, 2013 |
Profit Planners Management, Inc. Reports Financial Results for the First Quarter Ended August 31, 2013 |
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Profit Planners Management, Inc. Reports Financial Results for the First Quarter Ended August 31, 2013
NEW YORK, NY--(Marketwired - October 16, 2013) -
Profit Planners Management, Inc. (OTCQB: PPMT) announced financial results for the quarter ended August 31, 2013. Revenues for the quarter were $188,883, compared to revenues of $250,800 for the prior year's first quarter, a decrease of approximately 25%. The decrease in revenues is primarily attributable to a transition in the client base and the completion of non-recurring projects. Net loss for the first quarter was $(124,888) as compared to a net income of $58,753 in the prior year. Costs increased during the quarter, on a comparative basis, resulting primarily from staffing costs and operating expenses to support the growth plans of the business including costs to develop our e-commerce website for our Organically Crafted brand.
View More : http://www.marketwired.com/mw/release.do?id=1841775&sourceType=3
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