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eVision USA.Com, Inc. Reports Fiscal 1999 Results
Business Wire - December 30, 1999 08:15
EVIS %COLORADO %INTERNATIONAL %ASIA %PACIFIC %INTERNET %E-COMMERCE %ADVERTISING %MARKETING %EARNINGS V%BW P%BW
DENVER--(BUSINESS WIRE)--Dec. 30, 1999--eVision USA.Com, Inc. (eVision or the Company) (OTC BB: EVIS) reports its financial results for the fiscal year ended September 30, 1999. Revenue increased by $6,805,958, or 24.9%, to $34,193,262, over 1998 revenue of $27,387,304. The loss from continuing operations decreased to $3,189,048, or $0.18 per share, for the year ended September 30, 1999 compared to $6,979,267, or $0.42 per share, for the year ended September 30, 1998. Basic loss per share for fiscal 1999 was $0.18 per share compared to $0.39 per share for the prior year.
The increase in revenue is primarily attributable to an increase in brokerage commissions, trading profits, technology-related operations, interest income on investments, and gains on the sale of assets.
"We are just beginning to realize the results of our strategic efforts. Fiscal 1999 was clearly a pivotal year for us. Our traditional brokerage operations improved; our financial companies have reached several milestones; and our technology subsidiaries have established solid foundations from which to build upon. We firmly believe that we are well on our way to repositioning eVision for success in the new millennium," stated Fai H. Chan, Chairman and Chief Executive Officer of eVision. |
