DALLAS, TX--(Marketwired - Nov 9, 2017) - Victura Construction Group, Inc. (
Management Commentary
"We are pleased to report that we've been able to continue to achieve increasing revenues since last filing our financial reports ending December 31, 2015. During this period we have streamlined our operational focus to our core competency of residential and commercial insurance restoration and remodeling. In streamlining our operations we have seen a significant decrease in our expenses, and the increase in cash from cash from Q1 to Q2 2017 is up 9.51%. Due to the steady increasing opportunities within the insurance restoration and remodeling industry we continue along the same path of steady growth which will further enhance value for our shareholders," said CEO Patrick Johnson.
2016 Financial Results
Revenue was $8,840,461.08 a decrease of 9.39% compared to $9,756,823.39 in the prior year of 2015
Total cost and expenses were $6,935,403.82, a 34.26% decrease compared to $10,550,122.41 in the prior year of 2015.
Balance Sheet, Cash, Liabilities
As of December 31, 2016, the Company had cash and cash equivalents of $1,761,360.60, an increase of 8.45% from $1,624,028.88 at December 31, 2015. Total Liabilities were $3,065,673.86 at December 31, 2016, and increase of $2,307,369.10 at December 31, 2015.
Q1 2017 Financial Results
At March 30, 2017, Revenue was $1,986,774.63 a decrease of 43.62% compared to $3,523,936.35 at March 30, 2016.
At March 30 2017, Total cost and expenses were $1,273,690.91, a 53.11% decrease compared to $2,716,353.64 as of March 30, 2016.
Balance Sheet, Cash, Liabilities
At March 30, 2017, the Company had cash and cash equivalents of $2,480,593.03 a decrease of 5.14% from $2,615,045.25 at March 30, 2016. Total liabilities were $2,355,788.21 as of March 30, 2017, an increase of 52.57% from $1,544,099.70 at March 30, 2016.
Q2 2017 Financial Results
At June 30, 2017, Revenue was $4,226,032.92, a decrease of 18.91% compared to $5,211,470.09 at June 30, 2016.
At June 30, 2017 Total cost and expenses were $3,792,501.90, a 29.46% decrease compared to $5,376,561.33 at June 30, 2016.
Balance Sheet, Cash, Liabilities
At June 30, 2017, the Company had cash and cash equivalents of $2,716,676.41 an increase of 12.17% from $2,422,017.27 at June 30, 2016. Total liabilities were 3,163,534.08 at June 30 2017, an increase of 14.53% from $2,262,197.43 as of June 30, 2016.
About Victura Construction Group Inc.
Victura Construction Group, Inc., (
Victura operates with excellent business practices and management expertise, sound ethics, financial resources as applicable, and utilizes strategic industry relationships to help add to the success of any acquired company(s).
The company can be found at www.victuraconstruction.com
Safe Harbor Statement This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact: Victura Construction Group, Inc. Patrick J. Johnson Chief Executive Officer (844) 842-8872 pjohnson@victuraconstruction.com
