Dynasty Limousine Reports 1Q Results

LCT Staff
Posted on May 18, 2011

GONE PUBLIC: Now that the Florida company is the only publicly traded chauffeured transportation company in the U.S., it is also the only operator in the industry to report actual, verified quarterly financial results.

JACKSONVILLE, Fla. — DYNASTY LIMOUSINE (PINKSHEETS: DNYS), a luxury chauffeured transportation company in Northeast Florida, has just released first quarter 2011 financial results.

The period was the best first quarter since inception with revenues up 39% over Q1 2010, and a net operating margin of 31%. Additional increases were realized in several key areas disclosed in the full report.

“2010 was a great growth year for Dynasty and this year is starting off in a very positive direction," said Pierce Fleming, Dynasty Limousine's vice president and CFO in a statement. "Demand for our services is at an all-time high and is a direct result of our team's commitment to excellence. Expectations are high for a great year and we will continue to build our brand and look for expansion opportunities as they are presented."

Interested parties may access the full financial report and information statement on the OTC News and Disclosure service via the following link: DYNASTY LIMOUSINE FINANCIALS.

Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for "Limousine Operator of the Year" by LCT Magazine for 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

LCT Staff LCT Staff
Comments ( 1 )
  • rareformlimo

     | about 9 years ago

    31% is a very high operating margin. I can't find any Sales &amp; Marketing Expenses in the 2011 Q1 Report. Their Annual Reports include Sales &amp; Marketing Expenses, but interesting to note that there is only ~$20,000 in Officer Wages, hardly the pay for a CEO. Redo the numbers with $75,000 Officers Wages (approximate industry average according to LCT Fact Book) for each of 2 officers, and you have a $24,903 net loss for 2008 and a $115,991 loss for 2009.<br><br>In 2010, there is a 44% net profit in the Annual Report, but it is because of a website valuation of $213,970, plus only $20,854 in Officer Wages. Subtract the website valuation of $213.970 and $130,000 more in Officer Wages (at a $75,000/officer for 2 officers) from the "$315,800 2010 net operating profit" and you have a net loss of over $28,000. Hardly anything to cheer about for a 13 year old company. Am I missing something?

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