Business
Kading Companies Announces SCG Three Month Financials
Kading Companies Announces SCG Three Month Financials.
About this update from Business Warrior Corporation
[{"type":"text","content":"KADING COMPANIES, SA ANNOUNCES THREE MONTH FINANCIAL STATEMENT FOR SYSTEM CEMENT GROUP - UKRAINE ENDING ON SEPTEMBER 30 2015, \n \nRoad Town, Tortola. October 15, 2015 Kading Companies, S.A. (OTC: KDNG), announces the Financial Statement for System Cement Group LLC, Ukraine from July 1, 2015 to September 30, 2015.\n \nTotal assets were $1,926,910 and total shareholder equity was $1,533,800.\n \nTotal sales came in at $703,500 and the net after tax profit was $359,100. As of July 1, 2015 the financial reports are performed as System Cement Group – Ukraine. \n \nKevin Kading, the President of Kading Companies, commenting on the financial results, stated that “I am very pleased with Kading Companies’ partners in the Ukraine. I believe that our partners there have the knowledge and tenacity to continue to build an exceptional and very profitable company over the coming years. I am very enthused that Kading Companies is participating in this growth.”\n \nKading Companies owns 70% of System Cement Group –Ukraine. \n \nAs a note: According to the Minister of Infrastructure of the Ukraine, Andrew Pivovarskiy, the first projects of new roads with concrete pavement will start at the end of the current year. Furthermore, Mr. Pivovarskiy stated that a budget of $155 million in 2015 will initiate this project and substantially increase during the following years. This development should be of great benefit to System Cement Group and Kading Companies.\n \nKading Companies is continuing to seek funding for the alluvial mining project in South America. Kading Companies is also reviewing opportunities in tailings and mining projects in Nevada, Colorado, Utah, and Montana. \n \nKading Companies is focused on mining and metals operations that are producing or can be producing within six months of acquisition. Kading is focused on a global basis, with its initial emphasis in Ukraine, South America, Africa, and North America. Kevin Kading, President of Kading Companies said “I am very excited about the opportunities that we are being presented with and I am highly confident we will create significant value for our shareholders, investors, miners and the local communities.”\n \nThis news release includes certain forward-looking statements concerning the future performance of Kading Companies, S.A and...