Hometown International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 14, 2019 at 01:49 am IST
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Hometown International, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 4,205 compared to USD 9,313 a year ago. Operating loss was USD 43,103 compared to USD 20,875 a year ago. Net loss was USD 49,852 compared to USD 26,163 a year ago. Basic loss per share was USD 0.01 compared to Basic EPS of USD 0 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the half year, sales was USD 8,813 compared to USD 17,948 a year ago. Operating loss was USD 79,308 compared to USD 50,560 a year ago. Net loss was USD 92,295 compared to USD 60,603 a year ago. Basic loss per share was USD 0.02 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. 
