FirsTime Design Limited Reports Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2016
July 12, 2016 at 04:36 pm
FirsTime Design Limited reported consolidated financial results for the second quarter and six months ended June 30, 2016. For the six months, the company reported net sales of $3,841,000, a decrease of 16.9% compared to the same period last year. The company reported consolidated net income of $374,000 or $0.25 per common share, a decrease of 21.4% compared to the same six-month period of last year.
Second quarter net income was $129,000 or $0.09 per common share, a decrease of 49.8% as compared to the same three-month period of last year.