AABB – Asia Metals Confirms $5 Million 2019 Annual Gross Profit Target on Track

LAS VEGAS, Aug. 13, 2019 /PRNewswire/ — Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today confirmed management’s confidence that the company is on track to achieve its previously announced 2019 $5 million annual gross profit target. The company recently posted its financial results through the second quarter of 2019 ending June 30. AABB reported $2.75 million in gross profit for the first six months of 2019, reflecting a 61% increase over the first half of 2018 and a 2000% increase over the first half of 2017. In addition to the dramatic increase in gross profit, the Company reported $7.6 million in cash on the balance sheet in the second quarter of 2019 and will receive a $9 Million Joint Venture funding payment in the second half of 2019. Asia Metal’s strategic growth focus has allowed the Company to capitalize on a unique ability to connect mineral resources in Mexico with a high resource demand and abundant investment capital in Asia.

Comments are closed.

Free newsletter for stock pics, interview transcripts & investing ideas