Features

Higher expenses lead to overall net loss for Sparta

Sparta Commercial Services recently reported a rise in revenue for its past nine-month fiscal period but also an overall loss due in part to an increase in interest expense and financing cost.

The New York-based, nationwide financial services company reported a 12.5 percent increase in revenue, which totaled more than $974,000 for the nine-month period that ended Jan. 31. However, the company said it suffered a net loss before preferred dividends of more than $3.6 million for that time period.

In the press release, Sparta said, “we believe we will continue to earn increasing revenues from operations during the remainder of fiscal 2009 and in the upcoming fiscal year.”

  • To return to the current issue, click here.
  • For more of the latest news, click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
EPG Brand Acceleration
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.