Sparta Commercial Services, Inc. Reports Earnings Results for the Second Quarter Ended October 31, 2016
July 09, 2020 at 11:21 pm IST
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Sparta Commercial Services, Inc. announced earnings results for the second quarter ended October 31, 2016. For the second quarter, the company announced operating loss was USD 203,443 compared to USD 591,262 a year ago. Net loss was USD 4,883 compared to USD 1.164 million a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.02 a year ago. For the half year, operating loss was USD 564,715 compared to USD 1.137 million a year ago. Net loss was USD 1.198 million compared to USD 2.700 million a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.04 a year ago.
Sparta Commercial Services, Inc. operates across three business sectors, including financial services, e-commerce and mobile technology, and health and wellness. The Company provides retail installment loans and leases through authorized motorcycle dealerships. It also creates and maintains a full underwriting and servicing platform for its portfolio. It is available online and at a range of various dealership websites and showrooms, including Cyclechex, RVchex, and Truckchex. With iMobile App, the Company provides mobile technology services, including Web and mobile application creation, development and management for a range of businesses to increase revenue, build brand recognition, and improve customer engagement. It also offers an online B to C Website: www.newworldhealthbrands.com, featuring dietary supplements, including vitamins and minerals, such as, Iodine for children and adults, Boron, copper/Zinc/Selenium, Magnesium, Spermidine, Vitamin B Complex, Vitamin C, and PQQ.
SPARTA COMMERCIAL SERVICES, INC. 
