- CEO says record sales prove SHRG’s “sales and support strategies are on the right path”
- Company projects investment of estimated $200,000 in second half of FY2020 for information technology systems upgrade
- SHRG’s consolidated gross profit grew by $16.2 million to $27.4 million for three months ended October 31, 2019, compared to same period prior year
Sharing Services Global Corporation (OTCQB: SHRG) in its 10-Q filed with the SEC for the three months ended October 31, 2019, reported sales of $38,850,483 for Q2 2019, or 116% greater than the $17,973,379 SHRG reported for the comparable quarter last year (http://nnw.fm/qV6ke). Consolidated gross profit jumped by $16.2 million to $27.4 million for the same period compared to Q2 2018.
In the filing, SHRG further reported that its consolidated operating earnings were $3.9 million in the fiscal quarter ended October 31, 2019, compared to $866,802 for the comparable period the prior year. Consolidated gross margin also grew 70.9% for the three months ended October 31, 2019, compared to 62.2% the prior year…
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