Dynasty Limousine Releases Q1 2012 Financial Report

Posted on May 23, 2012

JACKSONVILLE, Fla. — Dynasty Limousine Inc. of Jacksonville, Fla. has released the results from operations in the first quarter of 2012. The period represents the best start in the company’s 14-year history. Revenues, net profit and assets were up over the same period one year ago.

“Dynasty added many new vehicles to its fleet in the latter part of 2011 and this helped contribute to a great start in 2012," said Pierce Fleming, Dynasty's CFO, in a statement. “We are continuing to offer the highest level of service that Dynasty is known for, even as the company grows and adds additional clients. We would like to thank our professional team of dispatchers, chauffeurs, and office personnel for providing a great experience to our valued customers."

Interested parties can access the full report and information disclosure via the following link: http://www.otcmarkets.com/financialReportViewer?symbol=DNYS&id=81411

Source: MarketWatch

Related Topics: Dynasty Limousine, Florida operators, Pierce Fleming

Comments ( 1 )
  • Eli Darland

     | about 8 years ago

    I'm confused at how 2 Dynasty officers can be compensated a total of $9155.00 in Q1. Also how is Dynasty operating at a real gross profit margin of 71% [Total Income ($204,662) minus Limosine [sic] Operating Cost ($57,666)]. Finally, how can Q1 depreciation be $27,633 on over $1,000,000 of depreciating assets 1/3 of the way through their schedules. I'd love to believe in this model, but the numbers aren't adding up to my real world experience. What am I missing here?

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