FOR IMMEDIATE RELEASE, JANUARY 23rd, 2018.
BUENOS AIRES, ARGENTINA – Facundo Corp – the leading corporation on industrial and consumer services – announced today earnings per diluted share of $0.60 for its first-ever quarter in 2017. Results for the quarter include:
• $6.023 million on recurring revenue.
• $7.323 in net income.
Facundo Pignanelli, CEO and Chairman of the board made the following statement:
“We’re thrilled for our results in the first quarter of the company. Our Consumer and Industrial services are one of the strongest in the industry and these results are a confirmation of our current strategy”.
PERFORMANCE SUMMARY
Facundo Corp business are reported in 3 segments: Consumer Services, Industrial Services and Corporate and Other
Consumer Services: IBIT for Consumer Services was of $5.699 million for the quarter.
CrossRetail is the consumer-retail arm of Facundo Corp. IBIT for CrossRetail was of $215 million for the quarter.
Minted Studios is the media services arm of Facundo Corp. IBIT for Minted Studios was of $0.654 million for the quarter.
Blastech is the game-developing and publisher arm of Facundo Corp. IBIT for Blastech was of $5.483 million for the quarter, making it the most successful arm of Consumer Services for the quarter.
Industrial Services: IBIT for Industrial Services was of $316 million for the quarter.
ZORiN Industries is the commodity marketing arm of Facundo Corp. IBIT for ZORiN Industries was of $266 million for the quarter, making it the most successful arm of Industrial Services for the quarter.
Voyage Transports is the industrial transportation arm of Facundo Corp. IBIT for Voyage Transports was of $0.335 million for the quarter.
Co-Op Oil is the oil marketing arm of Facundo Corp. IBIT for Co-Op Oil was of $50 million for the quarter.
Corporate and Other
Corporate and Other IBIT for the quarter was a loss of $8 million, primarily due to highly un-allocated corporate expenses and minimal revenues of Financial Services.
OTHER INFORMATION
Including non-recurring results, Facundo Corp reported earnings of $0.73 per diluted share. This non-recurring item are the revenues originated from the selling of some subsidiaries of the company.
A replay of the conference call with the company management conducted today is available for replay in the Investors page of the company’s website.
Please see attached tables for additional financial information.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Facundo Corp believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include success in marketing commodities to customers; the ability to penetrate new retail business; development the company’s financial services; and conditions of the capital markets and equity markets during the periods covered by the forward-looking statements.
Facundo Corp operates many industrial, consumer and financial services across the world. The company's website can be found at facundocorp.000webhostapp.com/. The company's stock symbol is traded in the NYSE as "FCORP".
Click here to download this press release in Adobe Acrobat format.
Please see attached tables for additional financial information.
For additional information please contact:
Martín Gomez
(713) 853-9757
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