Alliance Distributors Holding Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2015
For the six months, the company reported net sales were $54,126,000 compared to $60,853,000 for the same period a year ago. Income from operations was $2,350,000 compared to $2,270,000 for the same period a year ago. Income from operations was $955,000 compared to $2,350,000 for the same period a year ago. Income before provision for income taxes was $658,000 compared to $1,979,000 for the same period a year ago. Net income was $326,000 or $0.01 per basic and diluted share compared to $1,239,000 or $0.03 per basic and diluted share for the same period a year ago. Net cash provided by operating was activities $1,652,000 compared to $3,308,000 for the same period a year ago. Purchase of property and equipment was $45,000 compared to $21,000 for the same period a year ago.