UA Multimedia Reports Fiscal 2014 Financial Result
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Posted On: 03/27/2015 8:56:19 AM
UA Multimedia Reports Fiscal 2014 Financial Results
IRVINE, CA--(March 27, 2015) – UA Multimedia, Inc. (OTC Markets: UAMM), a media holding company today reported financial results for the year ended December 31, 2014.
The net revenues for the year ended December 31, 2014 increased 122% to $151,750 compared to $61,900 for the year ended December 31, 2013. The increase in revenues was primarily attributed to increased sales in film production and web development services.
The operating expenses for the year ended December 31, 2014 increased 80% to $108,236 compared to $60,153 for the year ended December 31, 2013. The increase in operating expenses was primarily due to the increased cost in marketing services and business development.
Reported earnings for the year ended 2014 were $43,514, an increase of 2,391%, compared to a net income of $1,747 for the year ended December 31, 2013.
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“We are pleased to have reported fiscal 2014 results that showed a healthy year-over-year growth”, said Sully Jacques, UA Multimedia’s Chief Executive Officer. “We spent most of Q1 2015 promoting our movie ‘Gentle’ through numerous international film festivals and markets. We are optimistic that such marketing efforts will result in a successful theatrical release which start today in Vietnam.”
IRVINE, CA--(March 27, 2015) – UA Multimedia, Inc. (OTC Markets: UAMM), a media holding company today reported financial results for the year ended December 31, 2014.
The net revenues for the year ended December 31, 2014 increased 122% to $151,750 compared to $61,900 for the year ended December 31, 2013. The increase in revenues was primarily attributed to increased sales in film production and web development services.
The operating expenses for the year ended December 31, 2014 increased 80% to $108,236 compared to $60,153 for the year ended December 31, 2013. The increase in operating expenses was primarily due to the increased cost in marketing services and business development.
Reported earnings for the year ended 2014 were $43,514, an increase of 2,391%, compared to a net income of $1,747 for the year ended December 31, 2013.
.
“We are pleased to have reported fiscal 2014 results that showed a healthy year-over-year growth”, said Sully Jacques, UA Multimedia’s Chief Executive Officer. “We spent most of Q1 2015 promoting our movie ‘Gentle’ through numerous international film festivals and markets. We are optimistic that such marketing efforts will result in a successful theatrical release which start today in Vietnam.”
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