FirsTime Design Ltd. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
July 14, 2015 at 04:58 pm EDT
FirsTime Design Ltd. announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced net income was $257,000 or $0.17 per common share, an increase of 52.7% as compared to the same three-month period of last year. FTDL ended the quarter with $1,874,000 of cash and cash equivalents on the balance sheet.
For the six months, the company announced net sales of $4,623,000 an increase of 16.4% compared to the same period of last year. The company reported consolidated net income of $476,000 or $0.31 per common share, an increase of 54.6% compared to the same six-month period of last year.