Jetcon Corporation is reporting revenues of $1.16 billion dollars in 2018.
The company says its revenues declined modestly from $1.18 billion dollars in 2017.
Operational costs increased in 2018, resulting in the reduction in profit to 92 million dollars, when compared to 154 million in 2017.
This represents the first year of decline in profits since 2014.
The company’s stock was priced at 2-dollars 25-cents at the time of the Initial Public Offering and adjusted in 2017 for the 3 for 1 stock split.
That year ended at 5-dollars, then experienced a slippage in 2018 to close the year at 3-dollars 4-cents.
However, the number of shareholders in 2018 showed an upward trend of 18-percent over 2017, moving from 929 shareholders to end at 1,095.
The Company paid an interim dividend of 3-dollars 5-cents per share with no further dividend recommended for the year.