The Conversation (0)
Pharma-Bio Serv announced its financial operating results for their latest quarter.
Pharma-Bio Serv (OTCQB:PBSV) announced its financial operating results for their latest quarter.
As quoted in the press release:
Announced net revenues for the three and nine months ended July 31, 2017 were $4.0 and $11.9 million, respectively, a decrease of approximately $0.9 and $2.9 million, or 18.2% and 19.8%, respectively, when compared to the same periods last year. The decline for the three months ended July 31, 2017, when compared to the same period last year, is mainly attributable to a decline in projects in the Puerto Rico consulting market of $0.9 million. Other Company divisions sustained minor revenue gains/losses or remained constant, when compared to the same period last year.
Selling, general and administrative expenses for the three and nine months ended July 31, 2017 were approximately $1.1 and $3.9 million, a decrease of approximately $0.4 million for each period, respectively.
Click here to read the full press release.
Source: www.accesswire.com