Why Did Davis Commodities (DTCK) Stock Surge Over 12% After Hours
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Davis Commodities Ltd. (NASDAQ:DTCK) surged 12.65% in after-hours trading to $0.27 on Wednesday, following the company's release of its first-half fiscal unaudited financial results on Tuesday.
Check out the current price of DTCK stock here.
Revenue Climbs 42% Amid Margin Pressure
The Singapore-based agricultural commodity trader reported revenue of $95 million for the six months that ended June 30, up 42.1% from $66.9 million a year earlier, according to the company’s statement.
Sugar sales rose 35.4% to $60.8 million, driven by stronger liquid sugar demand in China and Brazilian sugar sales to Africa.
Net income fell 96.9% to $0.04 million from $1.3 million a year ago. Gross margin slipped to 2.8% ...Full story available on Benzinga.com
Check out the current price of DTCK stock here.
Revenue Climbs 42% Amid Margin Pressure
The Singapore-based agricultural commodity trader reported revenue of $95 million for the six months that ended June 30, up 42.1% from $66.9 million a year earlier, according to the company’s statement.
Sugar sales rose 35.4% to $60.8 million, driven by stronger liquid sugar demand in China and Brazilian sugar sales to Africa.
Net income fell 96.9% to $0.04 million from $1.3 million a year ago. Gross margin slipped to 2.8% ...Full story available on Benzinga.com
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