Business
Gold and Gemstone Mining, Inc., Announces Record Fiscal Year 2022 Results
Gold and Gemstone Mining, Inc., Announces Record Fiscal Year 2022 Results.
About this update from Gold And Gemstone Mining Inc.
[{"type":"text","content":"\n\n\n\nGold and Gemstone Mining, Inc., Announces Record Fiscal Year 2022 Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGold and Gemstone Mining, Inc., Announces Record Fiscal Year 2022 Results\nPR Newswire\nJAKARTA, Indonesia, May 18, 2023\n\n\n\nJAKARTA, Indonesia, May 18, 2023 /PRNewswire/ -- Gold and GemStone Mining, Inc. (OTC: GGSM); \"the Company\") Posts another year of excellent revenues and continues to expand its operations as world travel to Indonesia is projected to reach record numbers.\nGold and Gemstone Mining, Inc. increased revenues by 323% and net profit by 325% for the year and aims to continue its growth with an expansion to the \"Island of the Gods,\" Bali, Indonesia.\nRudy Khelces, CEO, states, \"Our team's remarkable work in 2022 delivered an outstanding, double-digit sales increase and record financial results for the second consecutive year.  We're more confident than ever in our short and long-term business and development models, continuing our fast pace next era of growth.\" \nen.Tempo.co, Jakarta Business & Economy, Tourism Minister Increases Tourist Visitation Goal To 8.5 Million in 2023. The Indonesian tourism ministry has confirmed a surge of 8.5 million international arrivals to the country this year.  Sandiaga Uno Tourism Minister told reporters in Jakarta we are aiming to generate between $2.07 billion and $5.95 billion in foreign exchange earnings in 2023.  \nRudy Khelces, CEO, states, \"Our solid revenue performance and cash flow provide a solid foundation for acquiring or investing in significant growth opportunities and continue to scale up development of new and current business units to take advantage of Indonesian projected tourism and Cargo transportation business units.\"  \nForeign tourist arrivals in Indonesia have jumped 470.37 percent year-on-year, according to www.tradingeconomics.com, with a recovery in the tourism sector gaining momentum as the economy fully reopened from COVID restrictions. \nGGSM continues to invest in constructing resorts, villas, hotels, and other...