Daniels Corporate Advisory Company, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2020
October 15, 2020 at 04:45 pm EDT
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Daniels Corporate Advisory Company, Inc. announced earnings results for the third quarter ended August 31, 2020. For the third quarter, the company announced sales was USD 800,682 compared to USD 1.229 million a year ago. Operating loss was USD 83,312 compared to USD 96,615 a year ago. Net income was USD 1.150 million compared to net loss of USD 970,467 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.04 a year ago. For the nine months, sales was USD 2.891 million compared to USD 2.832 million a year ago. Operating loss was USD 245,209 compared to USD 184,148 a year ago. Net loss was USD 280,433 compared to USD 1.180 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago.
Daniels Corporate Advisory Company, Inc. is a corporate strategy company, which creates and implements corporate strategy alternatives for mini-cap public and private companies. The Company is engaged in the business of offering corporate financial consulting services, including referrals for capital referral and merchant banking services. The Company provides the client with multiple corporate strategies, including joint-ventures, marketing opportunity agreements and/or potential acquisitions structured in a leveraged buyout format. The Company is operating through the corporate strategy segment of its business. It focused on identifying projects that have the potential to produce earnings and multiple the potential of those results through leverage. The Company, through its subsidiary, Payless Truckers, Inc., acquire, refurbish, add location electronics, advertise, and sell or lease commercial vehicles to long haul drivers.
DANS CORP 