Daniels Corporate Advisory Company, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2021
October 15, 2021 at 05:13 pm EDT
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Daniels Corporate Advisory Company, Inc. announced earnings results for the third quarter ended August 31, 2021. For the third quarter, the company announced sales was USD 1.189 million compared to USD 800,682 a year ago. Operating income was USD 73,708 compared to operating loss of USD 83,312 a year ago. Net income was USD 236,040 compared to USD 1.150 million a year ago. For the nine months, sales was USD 3.544 million compared to USD 2.891 million a year ago. Operating income was USD 106,540 compared to operating loss of USD 245,209 a year ago. Net income was USD 347,212 compared to net loss of USD 280,433 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.