$GDMK Global Diversified Marketing Group Reports R
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Posted On: 12/10/2020 11:23:43 AM
$GDMK Global Diversified Marketing Group Reports Record Quarterly Revenue Up 82% Over Prior Year Levels
Global Diversified Marketing Group Reports Record Quarterly Revenue Up 82%
Over Prior Year Levels
YTD Revenue Up 21% Despite Challenging Market Conditions
ISLAND PARK, N.Y., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Global Diversified
Marketing Group Inc (OTC: GDMK), a global multi-line consumer package goods
company with branded product lines reported results for its fiscal third
quarter ended September 30^th, 2020.
Highlights and Results for Three Months ended September 30th, 2020 Compared to
the Same Three Months Ended September 30^th, 2019
* Revenues were $667,237, an 82% increase, as compared to $366,354 for the
same period in 2019
* Gross Profit Margin was $246,539, a 71% increase as compared to $143,997
for the same period in 2019
* Gross margin percentage was 36.9% compared to 39.3% in the 2019 period
* Net profit was $59,144 compared to $14,126 in the 2019 period.
* Adjusted net profit which is defined as net profit after adding back
non-cash, stock-based expense was $76,856 in 2020 compared to $14,126 in
the 2019 period.
https://www.bloomberg.com/press-releases/2020...ear-levels
Global Diversified Marketing Group Reports Record Quarterly Revenue Up 82%
Over Prior Year Levels
YTD Revenue Up 21% Despite Challenging Market Conditions
ISLAND PARK, N.Y., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Global Diversified
Marketing Group Inc (OTC: GDMK), a global multi-line consumer package goods
company with branded product lines reported results for its fiscal third
quarter ended September 30^th, 2020.
Highlights and Results for Three Months ended September 30th, 2020 Compared to
the Same Three Months Ended September 30^th, 2019
* Revenues were $667,237, an 82% increase, as compared to $366,354 for the
same period in 2019
* Gross Profit Margin was $246,539, a 71% increase as compared to $143,997
for the same period in 2019
* Gross margin percentage was 36.9% compared to 39.3% in the 2019 period
* Net profit was $59,144 compared to $14,126 in the 2019 period.
* Adjusted net profit which is defined as net profit after adding back
non-cash, stock-based expense was $76,856 in 2020 compared to $14,126 in
the 2019 period.
https://www.bloomberg.com/press-releases/2020...ear-levels
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