TSXV:NCE - Post Discussion
Post by
WinterBaron on Dec 01, 2016 10:07am
Very Nice 3rd Quarter Results.
Nesscap Energy Inc. Reports Third Quarter 2016 Results for Ultracapacitor Products
SEOUL, SOUTH KOREA--(Marketwired - Nov. 22, 2016) - Nesscap Energy Inc. (the "Company" or "Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, today reported its financial results for the three and nine-month periods ended September 30, 2016.
Revenue for the three-month period ended September 30, 2016 improved to USD 5.7 million, representing an 18% increase compared to USD 4.8 million in the same period last year. The increase is primarily due to higher demand from customers in the renewable energy and automotive sectors. Revenue for the first nine months of fiscal 2016, ending September 30, 2016, increased by 18% to USD 15.0 million compared to USD 12.7 million in the same nine-month period last year.
Gross profit for the quarter was 12.6% compared to 13.2% in the same period one year ago. The decrease in gross profit is primarily due to the variation in the mix of products and a reduction in price on certain products relative to the same period in the previous year. Gross profit for the first nine months of fiscal 2016 was 18.2% compared to 10.9% in the same nine-month period last year.
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I like the mix of large corporate investors.
Believe Nesscap offers nice small share potential going forward.
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