Business
ILUS Confirms Strong Third Quarter Results With Increases in Revenue and Net Profit
ILUS Confirms Strong Third Quarter Results With Increases in Revenue and Net Profit.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY , Nov. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and developing public safety and industrial companies across the globe. The company reports that the third quarter was its strongest to date despite it already being overshadowed by an even stronger performance in the fourth quarter which is underway.  Third quarter revenue, net profit and assets increased by 550%, 203% and 187% respectively over the same period in 2021, with highlights for the three months ended September 30th, 2022, as follows:·       Revenue: $20,419,421 ·       Net Profit: $1,187,494 ·       Assets: $77,299,258 With impressive progress made in the consolidation and continued growth of the operating companies within the group during the third quarter, ILUS also successfully completed its audit as planned during the quarter and has since filed its Form 10 with the SEC to become a fully reporting entity. The company now expects to be fully reporting before year end, following which it plans to change its registered name and apply to OTC Markets to up list from the OTC Pink Market to the OTCQB.  ILUS Managing Director, John-Paul Backwell, commented: “Our third quarter results illustrate the enormous progress we have made as a business in the last year; however, we are already in the midst of an even stronger fourth quarter. Over the last few months, we have consolidated and strengthened key areas of our business to prepare ourselves for the exciting strategic moves ahead. We now look forward to announcing several exciting deals in line with these strategic moves over the coming weeks.” For further information on the companies, please see their communication channels: Website: https://ilus-group.comTwitter: @ILUS_INTL Contact:  Email: [email protected] Source: ILUS  Related Links https://ilus-group.com Forward-Looking StatementCertain information set forth in this press release contains \"forward-looking information\", including \"future-oriented financial information\" and \"financial outlook\", under applicable securities laws (collectively referred to herein as fo...