Beneficial Holdings, Inc. Announces Preliminary Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
April 03, 2014 at 03:00 pm
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Beneficial Holdings Inc. announced preliminary unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported $83,950 of revenue. The net loss for the period was $1,415,761, equal to a loss of 6 cents per share (fully diluted). Approximately $1.3 million of such net loss (six cents per fully diluted share) was attributed to the effects of recording stock based compensation in accordance with Generally Accepted Accounting Principles.
For the year, the company recorded revenues of $293,369 and a net loss for the twelve month period of $1,738,226, equal to a loss of 8 cents per share. Approximately $1.3 million of such net loss (6 cents per fully diluted share) was attributed to the effects of recording stock-based compensation in accordance with Generally Accepted Accounting Principles. Revenues for the three and twelve-months periods were generated from the company's asset management and development activities.
Beneficial Holdings, Inc. is a holding company with operating service-oriented businesses in the real estate, energy management and financial services sectors. The Company is an integrator of technology and solutions. The Company's subsidiary is BFHJ Energy Solutions, LLC (BES). BES is an integrator of energy conservation technologies and services for the built environment (infrastructure, buildings, public sector and institutional facilities). BES provides turnkey solutions, including evaluation, design, installation, finance, operations, monitoring, maintenance and analytics. BES has four technology platforms: commercial scale solar installations, light emitting diode (LED) relamping installations, solar and on-grid LED streetlights and building management systems.