Hometown International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 04:15 pm EDT
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Hometown International, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 0 compared to USD 4,205 a year ago. Operating loss was USD 176,444 compared to USD 43,103 a year ago. Net loss was USD 178,015 compared to USD 49,852 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. For the half year, sales was USD 3,577 compared to USD 8,813 a year ago. Operating loss was USD 253,806 compared to USD 79,308 a year ago. Net loss was USD 262,706 compared to USD 92,295 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago.
Makamer Holdings, Inc. is a bioplastic technologies company. The Company specializes in the development of hemp-based polymers that are fully composable within four months and leave no trace toxins or microplastics behind. The Companyâs proprietary hemp-based resin was developed in order to provide alternatives to non-compostable food packaging materials on the market. Its resin can be utilized to produce a range of products that would replace polyethylene plastic bags, polypropylene cups, recycled polyethylene terephthalate (rPET) water bottles, and many other products. The Company through its wholly owned subsidiary, Your Hometown Deli, LLC (Your Hometown Deli), operates a delicatessen store that features home-style sandwiches and other entrees in a casual and friendly atmosphere. The store is designed to offer local patrons of all ages with a comfortable community gathering places.
HOMETOWN INTERNATIONAL, INC. 
