Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

08/11/2014 | 04:35pm US/Eastern

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
React to this article
Latest news
Date Title
1m ago KROGER : Windsor woman accuses husband of planting drugs in her car
4m ago SAMSUNG ELECTRONICS : execs exit after profit slide
4m ago FLYKE : Inside information - statutory demand
4m ago ALRO : Current report drafted according to the provisions of the article 226 of the Law no. 297/2004
9m ago SONY : Obama defends opening to Cuba, vows response to Sony hack
9m ago SONY : EFE News Briefs for Friday, Dec. 19 (End of the day)
11m ago GLENTEL : Files Proxy Materials for Securityholders' Meeting to Approve Plan of Arrangement
13m ago Sony trying to find alternatives to release 'The Interview'
15m ago Accretive Health Provides Updated Timeline for Completion of Restatement
15m ago FCC FEDERAL COMMUNICATIONS COMMISSION : O'Rielly Statement
Latest news
Advertisement
Hot News 
DENDREON : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)
DIXONS CARPHONE : *exane bnp raises dixons carphone price target to 510 (450) pence - 'outperform'
BERKELEY MINERAL RESOURCES : Obsidian IR
Anchor BanCorp Wisconsin Inc. to Join Multiple Russell Indexes
ATLANTIS RESOURCES : Makes First MeyGen Facility Drawdown
Most Read News
57m ago Obama vows U.S. response to North Korea over Sony cyber attack
1h ago U.S. labor agency files complaints against McDonald's
1h ago SYSCO : Poised to Complete US Foods Deal (Report)
1h agoDJU.K. Police Arrest Man in Forex Market Manipulation Probe -- Update
1h ago Former Chrysler Group expands Takata driver-side air bag recall globally
Most recommended articles
12m ago Sony trying to find alternatives to release 'The Interview'
19m ago GBP/USD Range in Focus Ahead of U.K. & U.S. 3Q GDP Reports
28m agoDJTop Schools Heat Up Beijing Property Market
29m agoDJWhistleblowers Score a Big Payday -- Update
29m agoDJBank of Nova Scotia to Buy Citigroup Retail, Commercial Operations in Peru
Dynamic quotes  
ON
| OFF