Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Janel World Trade Ltd. Reports Fiscal Third Quarter and Year-to-Date 2014 Results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/11/2014 | 10:35pm CEST

JAMAICA, NY / ACCESSWIRE / August 11, 2014 / Janel World Trade, Ltd. (OTCQB: JLWT), a full-service global provider of integrated transportation logistics, announced today the financial results for its third quarter ended June 30, 2014.

Third Quarter 2014 Results

For the three months ended June 30, 2014, Janel reported revenue of $11,121,377 an increase of $337,896 or 3.1% compared to the three months ended June 30, 2013.

For the three months ended June 30, 2014 the Company reported a loss from continuing operations before income taxes of $(70,662) compared to the prior year reported income from continuing operations before income taxes of $28,976.

For the three months ended June 30, 2014 and after losses from discontinued operations the Company reported a net loss of $(99,984) or $(0.00) per fully diluted share, compared to the prior year reported net loss of $(220,632) or $(0.01) per fully diluted share.

Year-To-Date 2014 Results

For the nine months ended June 30, 2014, Janel reported revenue of $32,847,671 an increase of $940,323 or 2.9% compared to the nine months ended June 30, 2013.

For the nine months ended June 30, 2014, after a one-time non-cash charge to SG&A of $237,492 for the issuance of stock options on October 30, 2013, the Company reported a loss from continuing operations before income taxes of $(343,764) compared to the prior year reported loss from continuing operations before income taxes of $(342,718).

For the nine months ended June 30, 2014 and after losses from discontinued operations the Company reported a net loss of $(403,016) or $(0.01) per fully diluted share, compared to the prior year reported net loss of $(710,978), or $(0.03) per fully diluted share.


Image: http://www.accesswire.com/images/1075/JLWT%208-11-2014%20Table%202.jpg

Image: http://www.accesswire.com/images/1075/JLWT%208-11-2014%20Table%201.jpg

To be included in Janel's database for Corporate Press Releases and industry updates, investors are invited to send their e-mail address to: IR@janelgroup.net.

About Janel World Trade, Ltd.

Janel World Trade, Ltd. is a global provider of integrated logistics; including domestic and international freight forwarding via multi-modal carriers, leading-edge, end-to-end, supply-chain technology, customs brokerage, warehousing and distribution, and other transportation-related services. With offices throughout the U.S. (New York, Chicago, Los Angeles, and Atlanta) and a network of independent international agents in approximately 52 countries, the Company provides the comprehensive logistics services and technology necessary to handle its customers' shipping needs throughout the world. Cargo can be transported via air, sea or land, and Janel's national network of locations can manage the shipment and/or receipt of cargo into or out of any location in the United States. Janel is registered as an Ocean Transportation Intermediary and licensed as a FMC Licensed Freight Forwarder by the Federal Maritime Commission.

Janel World Trade, Ltd.'s headquarters is located in Jamaica, New York, adjacent to the JFK International Airport, and its common stock is listed on the OTCQB Bulletin Board under the symbol "JLWT". Additional information on the Company is available on its website at http://www.janelgroup.net

Forward-Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "intend," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the Company's dependence upon conditions in the air, ocean and land-based freight forwarding industry, the size and resources of many competitors, the need for the Company to effectively integrate acquired businesses and to successfully deliver its primary services, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission, including its most recent Form 8-K, Form 10-Q and Form 10-K filings. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact:

Investor Relations
Janel World Trade
(718) 527-3800
IR@janelgroup.net

SOURCE: Janel World Trade Ltd


© Accesswire 2014
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news
Date Title
12:26a U.S. panel launches trade secret theft probe into China steel
12:26a U.S. panel launches trade secret theft probe into China steel
12:25a MORINAGA : opens $48M Orange County facility
12:25a LUCKY LEMON BAKERY : Heather Dame-Keel finds niche selling vegan baked goods
12:25a UN UNITED NATIONS : Ban appoints governing body of ‘technology bank’ for least developed nations
12:25a KINGFISH : Annual Meeting & Closing Date for Nomination of Directors (KFL - Annual Meeting and Closing Date for Nomination of Directors)
12:25a Univision Stations in New York and Los Angeles Are the No. 1 and No. 2 Most-Watched Early and Late Local Newscasts in the Country, Respectively, During the May 2016 Sweep Period among Adults 18-49, Regardless of Language
12:24a AECOM : Aiken school changes coming
12:23a MICROSOFT : Facebook and Microsoft to build private internet highway underwater
12:22a Investigation of TransEnterix, Inc. Announced by Law Offices of Howard G. Smith
Latest news
Advertisement
Hot News 
LSK : ‘Fiddler on the Roof' coming to Church Hill Theatre in June
SHAREHOLDER UPDATE : Rosen Law Firm Reminds DS Healthcare Group, Inc. Investors of Important May 31 Deadline in Expanded Class Action
MARSHALL MOTOR : Buys Ridgeway Garages For GBP106.9 Million
MINERVA NEUROSCIENCES : Announces Positive Results From Phase IIB Trial of MIN-101 Monotherapy in Schizophrenia
STEPPE CEMENT : Annual Report 2015
Most Read News
06:07p MVI Marketing Teams Up with Cint AB to Obtain Powerful Online Ad Tracking Capabilities
06:20p Google beats Oracle in $9 billion Android trial
06:03p BRIEF : Rick Puckett to retire as CFO of Snyder's-Lance Dec. 31
06:01p SINOVAC BIOTECH : Reports Unaudited First Quarter 2016 Financial Results
06:01p RENASANT FINANCIAL : Renaissance Gold Reports Third Quarter 2016 Results
Most recommended articles
06:26p U.S. panel launches trade secret theft probe into China steel
06:20p Google beats Oracle in $9 billion Android trial
05:57pDJU.S. Stocks Inch Lower After Two-Day Rally
05:56pDJFacebook and Microsoft To Build Fiber Optic Cable Across Atlantic
05:54pDJGRAIN HIGHLIGHTS : Top Stories of the Day