Operations

Publicly Traded Limo Company Reports Record Numbers

LCT Staff
Posted on March 23, 2011

ABOUT PHOTO: Dynasty Limousine owners Pierce Fleming, Anne Fleming, and Shelly Fleming at the 2011 International LCT Show Awards Gala in Las Vegas on Feb. 15, 2011. Dynasty Limousine was a finalist in the 11-30 vehicles category of the LCT Operator Of The Year Awards for the third year in a row.

SUMMARY: Dynasty Limousine of Jacksonville, Fla. sees strong increases across the board in assets, revenues, and profits.

JACKSONVILLE, Fla. -- Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service luxury transportation and limousine company serving northeast Florida and southeast Georgia, released 2010 full year financial results that made 2010 its best performing year since the company was founded in 1998.

Dynasty Limousine, which has a 15-vehicle fleet and became a publicly-traded company last summer on the OTC MARKETS, reported the following 2010 results:

+ Revenues increased 33.5% compared to 2009 to $703,760.

+ Assets increased 60% compared to 2009 to $902,860.

+ Net profit increased 9700% compared to 2009 to $315,800.

DYNASTY LIMOUSINE, which has facilities in Jacksonville and Orange Park, Fla., operates a fleet of limousines, luxury sedans, and limo buses with 17 employees. It has a nationwide affiliate network to handle all domestic service requests and is actively seeking acquisitions and expansion into additional markets.

Dynasty maintains an A+ accredited BBB rating, and was named an LCT Operator of The Year finalist in 2009, 2010, and 2011. Additional company information may be accessed via Dun and Bradstreet, Pinksheets.com, or by visiting the Investor Relations area located on our corporate websites.

At the time of this release, the total number of shares issued and outstanding is 4,836,425 with a current float of 688,900 shares.

Source: MarketWire.com

LCT Staff LCT Staff
Comments ( 1 )
  • rareformlimo

     | about 8 years ago

    I'm curious how Dynasty Limousine managed to earn a 45% net profit.

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