NetworkNewsBreaks – VPR Brands LP (VPRB) Announc
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Posted On: 08/14/2019 3:57:25 PM
NetworkNewsBreaks – VPR Brands LP (VPRB) Announces OTCQB Venture Market Uplisting; Posts Q2 and Year to Date 2019 Financial Results
Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it will begin quotation on the OTCQB Venture Market today. In addition, the company also recently released its second quarter and year to date 2019 financial results. According to the update, VPR Brands reported revenues of $1.58 million for the second quarter of 2019, reflecting a 31 percent increase over the second quarter of 2018. The company saw a similar 31 percent increase for the six months ended June 30, 2019, versus the comparable period in 2018. “The results of putting our newly raised capital to work in Q2 were increased sales and larger distributor and private label orders, which are key components to our growth strategy and will allow the company to continue to increase revenues and scale the business going forward,” Kevin Frija, VPR Brands’ CEO said in the news release. “Although our gross profit margins decreased, once we reach larger volume we expect to be able to trim costs and regain some percentage points to maintain our target 40% margins.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it will begin quotation on the OTCQB Venture Market today. In addition, the company also recently released its second quarter and year to date 2019 financial results. According to the update, VPR Brands reported revenues of $1.58 million for the second quarter of 2019, reflecting a 31 percent increase over the second quarter of 2018. The company saw a similar 31 percent increase for the six months ended June 30, 2019, versus the comparable period in 2018. “The results of putting our newly raised capital to work in Q2 were increased sales and larger distributor and private label orders, which are key components to our growth strategy and will allow the company to continue to increase revenues and scale the business going forward,” Kevin Frija, VPR Brands’ CEO said in the news release. “Although our gross profit margins decreased, once we reach larger volume we expect to be able to trim costs and regain some percentage points to maintain our target 40% margins.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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