Beneficial Holdings, Inc. Announces Preliminary Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
For the year, the company recorded revenues of $293,369 and a net loss for the twelve month period of $1,738,226, equal to a loss of 8 cents per share. Approximately $1.3 million of such net loss (6 cents per fully diluted share) was attributed to the effects of recording stock-based compensation in accordance with Generally Accepted Accounting Principles. Revenues for the three and twelve-months periods were generated from the company's asset management and development activities.