Naturally Splendid Enterprises Ltd.: Naturally Splendid Reports First Quarter Results for 2021
( Naturally Splendid , NSE or the Company ) (FRANKFURT:50N)(TSXV:NSP)(OTC PINK
:NSPDF
) announces its unaudited financial results for the three months ended March 31, 2021. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards.
Naturally Splendid recorded a net loss and comprehensive loss of $743,636 for the three months ended March 31, 2021, compared to a net loss of $1,320,761 during the three months ended March 31, 2020. The decrease in net loss and comprehensive loss was attributed to the decrease in selling and distribution expenses. Revenues decreased by 5% over the same period last year and gross profit margins decreased to 13% of sales. The Company s sales decreased by approximately $467,000 from the comparative period. During the three-month period ended March 31, 2021, selling and distribution expense decreased b
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VANCOUVER, BC / ACCESSWIRE / April 30, 2021 / Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (TSXV:NSP)(OTC PINK:NSPDF)(Frankfurt:50N) announces its audited financial
Naturally Splendid Reports Year End Results for 2020 and Provides 2021 Outlook
ACCESSWIRE
01 May 2021, 14:05 GMT+10
VANCOUVER, BC / ACCESSWIRE / April 30, 2021 / Naturally Splendid Enterprises Ltd. ( Naturally Splendid , NSE or the Company ) (TSXV:NSP)(OTC PINK:NSPDF)(Frankfurt:50N) announces its audited financial results for the year ended December 31, 2020. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards.
Naturally Splendid recorded sales of $1,576,408 during the year ended December 31, 2020, compared to $3,037,512 for the year ended December 31, 2019. The Company s sales decreased by approximately $1,461,000 over the same period last year.
Revenues decreased significantly over the same period last year and Gross Profit Margins are approximately 23% of sales. Selling and distribution costs of $1,274,349 decreased due to no product development and the reduction in facility costs and inventory write-downs. Ad