Naturally Splendid Enterprises Ltd. (
TSX: V.NSP,
OTCQB: NSPDF,
Forum) announced today its unaudited financial results for the nine months ended September 30, 2016. The Company recorded $1,235,580 in revenue during the third quarter of 2016. Year to date, NSP’s revenues are $6,333,460. All amounts are in Canadian dollars.
The significant increase in revenues primarily reflects bulk sales of hemp products to Korea and POS BPC commencing operations in the second quarter. Naturally Splendid previously announced receiving purchase orders totaling $9.2 million for fiscal 2016 and recorded sales of $7.26 million for fiscal 2016.
Gross profit for the third quarter of 2016 amounted to $375,483, translating into 30% of sales. Further information can be found
here.
Naturally Splendid was recently in the news last month when the it reported
an increase to its previously announced private placement.
The Company has 73 million shares outstanding and a market cap of $27.5 million.
FULL DISCLOSURE: Naturally Splendid Enterprises Ltd. is a paid client of Stockhouse Publishing.