Kelyniam Global, Inc. Announces Board Changes; Reports Earnings Results for the First Quarter of 2014
The company reported earnings results for the first quarter of 2014. For the quarter, the company generated net income of $71,205. Compared with first quarter 2013, net sales increased 23% from $437,415 to $540,286, as a result of increased market penetration, gross profit moved up from $229,027 to $269,788, and net income swung from a loss of $17,272 to a profit of $71,205.