Sunday, June 8, 2014

Service Point Solutions reports Q1 2014 Results

The report was filed on May 19, 2014.

At the beginning of the report, SPS says this…..

“The first three months of 2014 represented an unusual quarter for Service Group Point. Following disclosure on October 23, 2013 by the entities that are syndicated financing of the acceleration and early maturity of the loans, and
the implementation of the execution of securities for a significant portion Group of business (subsidiaries operating in the United Kingdom, the United States, Norway and Sweden), the scope of consolidation and financial position of the Group has changed.”
Numbers are in thousands, so, for example, $15,753 is $15,753,000.00.  Amounts stated in USD were calculated by me using a EUR/USD exchange rate of 1.365.

In Euros
in USD
Q1 2014
Q1 2014
€ 11,541
Gross Margin
€ 7,113
€ 435
€ 119
Net Income
-€ 1,058

Link to a Google-Translate Spanish to English translated version of SPS’ Q1 2014 results report:

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