Income of $1.2 Million in 2021 up 268.8% Compared to $439,000 in 2020
Internet Profits of $577,000 in 2021 Versus Net Reduction of $755,000 in 2020
New York, Aug. 13, 2021 (World NEWSWIRE) — Saker Aviation Products and services, Inc. (OTCQB: SKAS), an aviation providers company specializing in ground-dependent providers to the standard aviation market, now announced its economical outcomes for the a few months finished June 30, 2021.
Income in the a few months ended June 30, 2021 of $1,179,064, was up 268.8 per cent from $438,632 in the three months ended June 30, 2020. Internet revenue in the three months finished June 30, 2021 of $577,164, was up $1,332,099 as when compared to internet decline of $754,935 in the similar period of time in 2020.
“We are happy to announce a sizeable and encouraging swing in results for the quarter ended June 30, 2021 as in comparison to the exact same period of time in 2020,” said Mark Raab, the Company’s Corporate Controller. “There ended up favourable impacts to earnings from PPP forgiveness and ERTC accounting in the quarter. But the financials also replicate a strengthening of working effects as tourist exercise in New York Town rebounded to some extent. Though there are no ensures that vacationer traffic will keep on to boost, and the extensive-term affect of the Delta variant remains to be established, we are optimistic that potential quarters in 2021 will take pleasure in favorable comparisons to equivalent periods in 2020,” concluded Mr. Raab.
About Saker Aviation Expert services, Inc.
Saker Aviation Expert services (www.SakerAviation.com), by means of our subsidiaries, operates in the aviation services phase of the typical aviation market, in which we provide as the operator of a heliport and as a comprehensive-company fixed foundation procedure (“FBO”). FBOs give ground-dependent services, this sort of as fueling, aircraft storage, and aircraft maintenance for basic aviation, commercial and military aircraft, and other miscellaneous expert services.
Notice Relating to Forward-Seeking Statement
This press launch includes “forward-searching statements” in just the indicating of Part 27A of the Securities Act and Portion 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Ahead-hunting statements can be determined by words these as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and identical references to future durations. These statements may include projections of profits, provisions for doubtful accounts, earnings or loss, cash expenditures, compensation of debt, other financial goods, statements with regards to our strategies and aims for foreseeable future operations, acquisitions, divestitures and other transactions, statements of future financial general performance, statements of the assumptions fundamental or relating to any of the foregoing statements and statements other than statements of historic simple fact.
Forward-looking statements are centered on the Company’s current expectations and assumptions with regards to its small business, the financial system and other future situations. For the reason that forward-seeking statements relate to the long run, they are subject to inherent uncertainties, risks and variations in instances that are challenging to predict. The Company’s actual effects may well vary materially from those people contemplated by the forward-hunting statements. The Corporation therefore cautions readers of this press release from relying on any of these ahead-searching statements for the reason that they are neither statements of historic actuality nor guarantees or assurances of upcoming general performance. Essential variables that could result in actual results to vary materially from those people in the ahead-on the lookout statements contain the Company’s products and services and pricing, standard economic circumstances, its means to increase supplemental capital, its potential to obtain the a variety of approvals and permits for the acquisition and procedure of FBOs and the other threat factors contained below Product 1A of the Company’s Once-a-year Report on Sort 10-K for the year ended June 30, 2021.
Any forward-wanting statement made in this press release discusss only as of the day on which it is created. Components or events that could trigger the Company’s true outcomes to vary could emerge from time to time and it is not possible to forecast all of them. The Company undertakes no obligation to publicly update any ahead-looking statement, no matter if as a end result of new information and facts, potential developments or if not, besides as may perhaps be expected by legislation.
Call: Saker Aviation Expert services, Inc. Mark Raab Company Controller 1.212.776.4046 [email protected]
