Alliance Creative Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 06:39 pm IST
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Alliance Creative Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 2.619 million compared to USD 2.103 million a year ago. Operating income was USD 120,712 compared to operating loss of USD 28,753 a year ago. Net income was USD 41,098 compared to net loss of USD 28,753 a year ago. For the half year, sales was USD 5.226 million compared to USD 4.453 million a year ago. Operating income was USD 173,583 compared to USD 451 a year ago. Net income was USD 288,574 compared to USD 451 a year ago.
Alliance Creative Group, Inc. (ACG) operates as a parent holding company. The strategy that the Company intends to deploy is a shared resource model where internal divisions, portfolio companies and strategic investments are vertically integrated. It is focused on three types of investments or projects: real estate acquisition; secured lending for small businesses, and early-stage equity business investments (and acqui-hires). ACG shall apply some of its resources towards diversified classifications of real estate with a focus on distressed assets and healthcare. The Company's distressed value add projects may consist of warehouses, student housing, multifamily, conversions, and flips. ACG may also invest in a mix of early-stage equity investments in companies that synergize with the Company's shared resource model and lending opportunities.
ALLIANCE CREATIVE GROUP, INC. 