Absrtact: The fate of the Nasdaq:mcox after selling is not fundamentally changed, but still losing money. Results showed that Macaulay's second quarter revenue of 21.8 million U.S. dollars, compared with the same period last year, the net deficit of 12.1 million U.S. dollars, the year-on-year expansion of nearly 1 time times. Since 2011, Mai-Lin holds
"Prostitution" after the nasdaq:mcox of the fate has not changed substantially, still losses. Results showed that Macaulay's second quarter revenue of 21.8 million U.S. dollars, compared with the same period last year, the net deficit of 12.1 million U.S. dollars, the year-on-year expansion of nearly 1 time times.
Since 2011, Macaulay has continued to lose money for 14 consecutive quarters. To get rid of the ongoing loss, Macaulay spun off its apparel and accessories business and sold MIXBLU and its subsidiaries to fast fashion China, a former chief executive.
In view of this, Macaulay in the second quarter of the earnings will be the apparel and accessories business as a non-sustainable operations. Analysts point out that this may help the wheat forest to make a loss, but its size will shrink sharply.
Macaulay Q2 revenue 2180 USD Zero year-on-year growth
Macaulay's net revenue for the second quarter was $21.8 million trillion, flat compared with the same period last year, with a net revenue of 10.6 million U.S. dollars from the non-sustainable operations in the second quarter, down 10.6% per cent over the same period last year;
Macaulay's second-quarter revenue came from a 11.2 million dollar net income from continuing operations, up 12.3% from a year earlier of 10 million.
Macaulay Q2 cost 11 million USD down 15%
Macaulay's second-quarter cost was $11 million trillion, which shrank 15% from a year earlier, with the cost of goods sold in the second quarter of the non-sustainable operation 7.5 million U.S. dollars, down 27.7% from the 10.3 million dollar in the same period last.
In the second quarter, the cost of the company's continued operations was $3.6 million, compared with $3.4 million a year earlier. A small increase in the cost of goods sold in the company's ongoing operations is in line with overall revenue growth.
Macaulay Q2 Gross margin 10.7 million USD 49%
Macaulay's gross profit for the second quarter was $10.7 million trillion, up 31.6% from 8.1 million trillion dollars in the same period last year, while the gross profit of the non-sustainable operations in the second quarter was $3.1 million, compared with $1.5 million a year earlier;
The gross profit of the company's continued operations in the second quarter was $7.6 million trillion, compared with $6.6 million a year earlier. Macaulay's gross profit margin for the second quarter was 49%, compared with 37.2% a year earlier.
The gross profit margin for the second quarter was 29.3% per cent, compared with 12.6% in the same period last year, while the gross profit margin for the second quarter continued to be 67.6%, compared with 66.2% per cent last year.
Macaulay Q2 cost 12.3 million USD minus 11%
Macaulay's total operating expenses for the second quarter were $12.3 million trillion, down 10.9% from the 13.8 million-dollar period last year. Macaulay's operating expenses for the second quarter, which came from unsustainable operations, were $6.7 million trillion, down 25.3% from $9 million a year earlier. Macaulay's operating expenses for the second quarter, which came from ongoing operations, were $5.6 million trillion, up 16.2% from a year earlier.
Macquarie's sales, general services and management expenditures for the second quarter, from non-sustainable operations and ongoing operations, were USD 6 million and USD 5.4 million respectively, compared with sales, general services and management expenditures for the same period last year from non-sustainable operations and ongoing operations, representing 8.2 million US dollars and 4.8 million dollars respectively.
The decline in sales, general services and management spending associated with unsustainable operations is mainly due to a reduction in the size of the company's E-commerce channels, resulting in reduced staff numbers and lower service costs.
Macquarie's growth in sales, general services, and management expenditures related to ongoing operations is driven by increased sales of health and beauty services, which drives the growth in the sale of bonuses and directory advertising spending.
Macaulay Q2 operating loss of 1.6 million USD operating profit margin-7%
Macaulay lost 1.6 million dollars in the second quarter, shrinking from the previous quarter and the same period a year earlier, with operating margins of 7%.
Macaulay Q2 net deficit 12.1 million U.S. dollars to expand 95%
Macaulay's net loss in the second quarter was $12.1 million trillion, an increase of 95% per cent compared with a net loss of 6.2 million dollars over the same period last year;
The net loss in the second quarter from the non-sustainable operating business was $12.9 million, including $9.3 million worth of impairment expenses related to the sale of its garments and accessories business, with a net loss of $7.5 million from the non-sustainable operations of the same period last year;
The net profit from the ongoing operations in the second quarter was $800,000, compared with $1.3 million a year earlier.
As of June 30, 2014, Macaulay held the carrying amount of the assets to be sold at $22.3 million, holding the warehouses and liabilities for sale at $6.6 million.
Based on the August 8, 2014 stock Purchase agreement, the adjusted price for the cost of stripping the sale was about USD 6.4 million as at June 30, 2014. As a result, Macaulay has counted 9.3 million dollars in losses on holdings of assets to be sold.