Nine-Month Results Nine-Month Results
For the nine months ended June 30, 2003, the Company reported total revenue of $40,546,666, up $9,538,072, or 31%, as compared to the first nine months of fiscal 2002. Pretax (operating) income for the fiscal 2003 nine months was $282,710, up 186% as compared to $98,850 reported for the nine months through June 30, 2002. On a net income basis for the nine months, the Company earned $169,710 in fiscal 2003 as compared to $64,350 in fiscal 2002, an increase of $105,360, or 164%.
Janel World Trade, Ltd. (OTCBB: JLWT) is a global provider of integrated logistics services, including domestic and international freight forwarding via multi-modal carriers, customs brokerage, warehousing and distribution and other transportation-related services. Additional information on Janel World Trade is available on the Internet at www.janelgroup.com or www.janelgroup.net.