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First Acceptance Corporation Reports Operating Results for the Three and Six Months Ended June 30, 2021
ACCESSWIRE
04 Aug 2021, 06:19 GMT+10
NASHVILLE, TN / ACCESSWIRE / August 3, 2021 / First Acceptance Corporation (OTCQX:FACO) today reported its financial results for the three and six months ended June 30, 2021. A quarterly report can be found at www.otcmarkets.com/stock/FACO/disclosure.
Income before income taxes, for the three months ended June 30, 2021 was $3.6 million, compared with $8.2 million for the three months ended June 30, 2020. Net income for the three months ended June 30, 2021 was $2.8 million, compared with $6.4 million for the three months ended June 30, 2020. Diluted net income per share was $0.07 for the three months ended June 30, 2021, compared with $0.17 for the same period in the prior year.
The Company has recently acquired the virtual branding rights to the Hutong Yakiniku brand (
Hutong ) from
GYEN Intl Business Co., Ltd. (the
GYEN Group ). Established in 2005, Hutong is one of the best Japanese barbecue cuisine offerings in
Taiwan and has rapidly become a well-known name both locally and abroad with 11 restaurants in
Taiwan, 11 in
Hong Kong.
The GYEN Group owns five restaurant brands, including the Michelin-rated Taipei Toriki, and its brands have become popular due to their focus on quality, attentiveness, passion and creativity as well as their reputation for excellent customer service. JustKitchen began offering several Hutong-branded items on its proprietary JustKitchen app and on third-party delivery platforms on
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KN ( AB Klaipėdos Nafta ), the operator of oil and liquefied natural gas (LNG) terminals, has started the installation of marine loading equipment (MLE) for loading oil products to and from tankers in the quay currently being reconstructed by Klaipėda State Seaport Authority. KN will start operating this quay later this year. The new MLE will strengthen the company s position in the region. At present, the main MLE construction - the frame of the MLE has been installed in the reconstructed part of quay No. 1 and the installation works of the equipment - installation of product reloading hoses, jib crane, electricity, automation and other components - are being continued. At the reconstructed quay, this MLE will be available when other necessary equipment, namely pipelines with control fittings, fire extinguishing and other systems ensuring the safe operation of the oil terminal, are installed. This equipment will be able to simultaneously load up
JustKitchen Launches Delivery-Only Paul Café, Hutong and Ice Monster Branded Food Items investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.