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
Latest news
Date Title
<1m ago BUSINESS MACHINES : Futures Pointing To A Mixed Open On Wall Street
<1m ago YOUKU TUDOU : Internet Software and Services Stocks Technical Report - EarthLink Holdings, Gogo, Akamai Technologies, Yandex, and Youku Tudou
<1m ago AIR PRODUCTS & CHEMICALS : Production Update, Transfer of Ownership, IPO, Technical Update, and New Contract - Research Reports on Petroleo Brasileiro, Alcoa, Hess, Devon Energy and Air Products
<1m ago ROOK SECURITY : CEO J.J. Thompson Recognized as an Indianapolis Difference Maker at 2014 ‘Indy’s Best And Brightest’ Event
<1m ago RED HAT : Collaborates With SAP to Deploy Mobile Data Management Cartridge for SAP® SQL Anywhere on OpenShift
<1m ago DISCOVER FINANCIAL SERVICES : PULSE : Introduces Comprehensive Consulting Service for Financial Institutions
<1m ago WILLIAMS SONOMA : West elm to open store in washington, d.c. featuring local makers
<1m ago 24 HOUR FITNESS : ® to Offer LES MILLS GRIT® at 200 U.S. Locations
<1m ago ZipLine® Medical Closes $5.7 Million Extension to Its Series C Financing Led by New Investor, China Materialia
1m ago GIPPSLAND : Looking to Fund Egypt-based Abu Dabbab Project
Latest news
Advertisement
Hot News 
PRESIDENT ENERGY : Oil Discovery in Paraguayan Chaco
NUTRECO : SHV and Nutreco announce a recommended cash offer of EUR 40 per share for all shares of Nutreco
ZAYO GROU : Group Holdings, Inc. Prices Initial Public Offering of Common Stock
XEROS TECHNOLOGY : Further incentive programmes from us
LOK'N STORE : Lok'nStore Profit Hit By Impairment, Signals Confidence With Dividend Hike
Most Read News
5h ago Pilots extend Lufthansa strikes to long-haul flights
1h ago Adidas shares jump on report of bid for Reebok unit
1d agoDJENERGY DEVELOPMENT : Secures $315 Million Financing For Wind Project
2h ago BUSINESS MACHINES : IBM to pay Globalfoundries to take chip unit
1d ago MICROSOFT PLANS TO LAUNCH SMARTWATCH WITHIN WEEKS : Forbes
Most recommended articles
13m ago IBM ditches 2015 operating EPS target, shares slump
15m agoDJGlaxoSmithKline plc 3Q 2014 -- Forecast
19m agoDJCanada August Wholesale Trade up on Record Machinery Sales
20m agoDJShell Midstream Partners Launch IPO in New York
23m ago France shows UK grocers how to beat discounters at own game
Dynamic quotes  
ON
| OFF