Business
Victura Construction Group Makes Revenue Statement
Victura Construction Group Makes Revenue Statement.
About this update from Victura Construction Group Inc
[{"type":"text","content":"\n \n \n Victura Construction Group Makes Revenue Statement\n \n \nVictura Construction Group Makes Revenue Statement\n \n DALLAS, TX--(Marketwired - Nov 9, 2017) -  Victura Construction Group, Inc. (OTC PINK: VICT), a holding company focused on strategic acquisitions within the construction industry, announces its 2016 annual financial results and for the first and second quarters ending June 31, 2017.\n Management Commentary\n \"We are pleased to report that we've been able to continue to achieve increasing revenues since last filing our financial reports ending December 31, 2015. During this period we have streamlined our operational focus to our core competency of residential and commercial insurance restoration and remodeling. In streamlining our operations we have seen a significant decrease in our expenses, and the increase in cash from cash from Q1 to Q2 2017 is up 9.51%. Due to the steady increasing opportunities within the insurance restoration and remodeling industry we continue along the same path of steady growth which will further enhance value for our shareholders,\" said CEO Patrick Johnson.\n 2016 Financial Results\n Revenue was $8,840,461.08 a decrease of 9.39% compared to $9,756,823.39 in the prior year of 2015\n Total cost and expenses were $6,935,403.82, a 34.26% decrease compared to $10,550,122.41 in the prior year of 2015.\n Balance Sheet, Cash, Liabilities\n As of December 31, 2016, the Company had cash and cash equivalents of $1,761,360.60, an increase of 8.45% from $1,624,028.88 at December 31, 2015. Total Liabilities were $3,065,673.86 at December 31, 2016, and increase of $2,307,369.10 at December 31, 2015.\n Q1 2017 Financial Results\n At March 30, 2017, Revenue was $1,986,774.63 a decrease of 43.62% compared to $3,523,936.35 at March 30, 2016. \n At March 30 2017, Total cost and expenses were $1,273,690.91, a 53.11% decrease compared to $2,716,353.64 as of March 30, 2016. \n Balance Sheet, Cash, Liabilities\n At March 30, 2017, the Company had cash and cash equivalents of $2,480,593.03 a decrease of 5.14% from $2,615,045.25 at March 30, 2016. Total liabilities were $2,355,788.21 as of March 30, 2017, an increase of 52.57% from $1,544,099.70 at March 30, 2016.\n Q2 2017 Financial Results\n At June 30, 2017, Revenue was $4,226,032.92, a decrease of 18.91% compared to $5,2...