Business
Nocera, Inc. Announces 2021 Financial Results
TAIPEI, Taiwan, March 28, 2022 (GLOBE NEWSWIRE) -- Nocera Inc. (OTCMKTS: NCRA) An engineering, procurement, construction (“EPC”) company focused on providing
About this update from Nocera, Inc.
[{"type":"text","content":"TAIPEI, Taiwan, March 28, 2022 (GLOBE NEWSWIRE) -- Nocera Inc. (OTCMKTS: NCRA) An engineering, procurement, construction (“EPC”) company focused on providing solutions to the aquaculture industry announced today its 2021 Financial Results. 2021 total revenues of approximately $9.9 million, an increase of $8.8 million, or 733%, from $1.2 million for 2020.2021 net cash provided by operating activities of $252,000, an increase of $382,000 from $130,000 used by operating activity in fiscal 2020.2021 year end cash of $2.4 million, an increase of approximately $1.4 million, or 140%, from $1.0 million for fiscal 2020.2021 year end assets of $6.9 million, an increase of $2 million, or 40% from $4.9 million for fiscal 2020.2021 year end total shareholders’ equity of $4.8 million, an increase of approximately $2.2 million, or 85%, from $2.6 million (85%) for fiscal 2020. Jeff Cheng, President, CEO and Chairman of the Board of Nocera, Inc., commented on the 2021 year end results, “We are pleased to report significant growth in our total sales, operating income, and shareholders’ equity. Fiscal 2021 saw strong growth in our construction services division. We expect there to be continued strong demand for our Recirculating Aquaculture Systems as well as construction services.” The dollar amounts contained in this press release have been approximated and derived from the Company’s 2021 audited financial statements contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 23, 2022. The 2021 Form 10-K, as well as other reports, proxy statements and registration statements filed by the Company with the SEC are available free of charge on the SEC’s website, www.sec.gov and can also be accessed through the “Investors” section of the Company’s website, www.nocera.company. The information contained in, or that can be accessed through, the Company’s website is not part of this press release and should not be construed as such. About Nocera, Inc. Nocera, Inc. is an engineering, procurement, and construction (EPC) company that designs, builds, and installs equipment for the fish farming industry, as well as provides technical assistance to fish farm operations. Our Recirculating Aquaculture Systems (“RAS”) help preserve the environment by red...