AmeraMex International (OTCQB:AMMX), Inc has reported its financial results for the second quarter, revealing significantly higher gross profit year-over-year.
For the period ended June 30, the company posted revenue of $2.3 million, compared to $2.4 million a year earlier.
Gross profit came in at $713,302, up from $420, 832, and as a percentage of sales it rose to 31% from 18% in 2022. The company’s net loss was $116,602 compared to net income of $146,172 for the comparable quarter.
AmeraMex International (OTCQB:AMMX) sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company has over 30 years of experience in heavy equipment sales and service.
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