Hometown International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 03:14 pm EST
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Hometown International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 5,225 compared to USD 6,655 a year ago. Operating loss was USD 24,447 compared to USD 22,097 a year ago. Net loss was USD 30,980 compared to USD 26,453 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago. For the nine months, sales was USD 14,038 compared to USD 24,603 a year ago. Operating loss was USD 103,755 compared to USD 72,657 a year ago. Net loss was USD 123,275 compared to USD 87,056 a year ago. Basic loss per share was USD 0.02 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. 