Personas Provides Update on Q2 Financial Statements
Toronto, Ontario--(Newsfile Corp. - September 8, 2022) - Personas Social Incorporated (TSXV: PRSN) (OTC Pink: PRSNF) (the "Company") announces that the interim consolidated financial statements ("Financial Statements") and Management's Discussion and Analysis ("MD&A") for the 6 months ended June 30, 2022, have been filed with SEDAR.
The Company is proud to announce that the 6 months ended June 30,2022 saw a net profit of $80,710 compared to a loss of $390,505 in 2021. Expenses decreases to $741,200 compared to $1,233,612 in 2021. Q2 represents the second straight profitable quarter for the Company. Management plans on accelerating growth by re-investing revenues into the marketing of its Peeks Social service.
Certain information provided in this news release is extracted from the Financial Statements and MD&A of the Company for the 6 months ended June 30, 2022, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information.