,,,,,,,,,,,,,,CONGRATULATIONS......WELL DONE......!!!!!!!!!!These Results CONFIRMS__ONCE AGAIN__No Matter GOOD or BAD Times__AMAR DOMAN
and His MANAGEMENT TEAM Know HOW to STICK HANDLE__And SCORE eh !!!
“I am very pleased with our financial performance in the second quarter, especially as we continue to work through macroeconomic uncertainties, and a tough year-over-year comparative pricing environment,” commented Amar S. Doman, Chairman of the Board. “Gross margin which is a key financial metric for our performance came in very strong at 17% as a result of our team’s strong inventory management, also helped by somewhat less pricing volatility in the quarter. We are also proud of our ongoing fiscal discipline which has resulted in material decreases in total loans and borrowings of $137 million and $239 million compared to the periods ended June 30, 2022 and June 30, 2021, respectively"