Hometown International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 15, 2019 at 02:28 am IST
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Hometown International, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 4,608 compared to USD 8,635 a year ago. Operating loss was USD 36,205 compared to USD 29,685 a year ago. Net loss was USD 42,443 compared to USD 34,440 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Makamer Holdings, Inc. is a bioplastic technologies company. The Company specializes in the development of hemp-based polymers that are fully composable within four months and leave no trace toxins or microplastics behind. The Companyâs proprietary hemp-based resin was developed in order to provide alternatives to non-compostable food packaging materials on the market. Its resin can be utilized to produce a range of products that would replace polyethylene plastic bags, polypropylene cups, recycled polyethylene terephthalate (rPET) water bottles, and many other products. The Company through its wholly owned subsidiary, Your Hometown Deli, LLC (Your Hometown Deli), operates a delicatessen store that features home-style sandwiches and other entrees in a casual and friendly atmosphere. The store is designed to offer local patrons of all ages with a comfortable community gathering places.
HOMETOWN INTERNATIONAL, INC. 
