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Dalrada Financial Reports Second Quarter Results 2/22/2006
- $17.8 Million Revenues; $3.3 Million Net Profit -
SAN DIEGO, Feb 22, 2006 /PRNewswire-FirstCall via COMTEX/ -- Dalrada Financial Corporation (OTC Bulletin Board: DRDF) today announced its financial results for the second quarter ended December 31, 2005. The Company reported revenues of $17.8 million for the quarter, a 263 percent increase over the prior year period. Net income for the second quarter was $3.3 million.
For the six-month period ended December 31, 2005, Dalrada reported revenues of $29.9 million compared to $9.4 million in the prior year period. Net income for the six month period was $3.1 million.
"We are especially pleased with these results as they are indicative of the direction we set for the Company two years ago," said Brian Bonar, CEO. "Our balance sheet continues to improve and our business prospects are positive moving forward," he added.
Dalrada provides employer business solutions to small and medium-size businesses. Its customers outsource many administrative tasks associated with human resources management to Dalrada. Services include payroll processing, workers' compensation insurance, employee benefits (including 401k and health insurance plans), and business risk management (including general and professional liability insurance), and staffing services.
Dalrada provides these services through its subsidiary companies and operating groups, which include: SourceOne Group, Heritage Staffing, The Solvis Group, M&M Nursing, MedicalHR, and CallCenterHR. Its Solvis subsidiary also operates ImageTech, Inc., whose proprietary products include ColorBlind(R) software and PhotoMotion(TM), a patented color medium of multi-image transparencies.
-------------------- pennies rock...but only brav hearts allowed here Posts: 575 | From: seattle | Registered: Oct 2005
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Okay, I visited their websites, and I don't know why they don't have great sites while doing such great revenues and net income, but as long as these financials are real... Hell, I'm thrilled where this will go!
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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