Press Release: Mill City Ventures III, Ltd. Reports Record Quarterly Results
Press Release: Mill City Ventures III, Ltd. Reports Record Quarterly Results
Mill City Ventures III, Ltd. Reports Record Quarterly Results
MILL City Ventures III有限公司公布创纪录的季度业绩
PR Newswire
美通社
MINNEAPOLIS, Nov. 15, 2021
明尼阿波利斯，2021年11月15日
MINNEAPOLIS, Nov. 15, 2021 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, announced today its revenue and net income for the quarter ended September 30, 2021.
亚洲网明尼阿波利斯11月15日电非银行贷款和专业金融公司Mill City Ventures III，Ltd.(场外交易市场代码：MCVT)今天公布了截至2021年9月30日的季度的收入和净收入。
-- Interest income increased 163% to $755k compared to $287k in the prior
period
-- Earnings from operations increased 386% to $516k compared to $106k in the
prior period
-- Shareholder equity increased 13% to $13.4M, up from $11.6M at December
31, 2020, and after the payment of $1.5M in dividends
-利息收入增长163%，达到75.5万美元，而去年同期为2.87亿美元期间-运营收益增长386%，达到51.6万美元，而去年同期为1.06亿美元前期-股东权益增加13%，达到1340万美元，高于去年12月的1160万美元2020年31日，在支付了150万美元的股息后
"Our ability to source, conduct due diligence and fund loans has resulted in another record quarter for us," said Chief Executive Officer Douglas M. Polinsky. "We use our network of contacts for financing opportunities and our approach continues to bear fruit in a record quarter for Mill City that keeps us on track for yet another record year."
首席执行官道格拉斯·M·波林斯基(Douglas M.Polinsky)表示：“我们获得贷款、进行尽职调查和为贷款提供资金的能力，为我们创造了又一个创纪录的季度业绩。”我们利用我们的联系人网络寻找融资机会，我们的方法继续在米尔城创纪录的季度结出硕果，使我们在又一个创纪录的一年保持在正轨上。“
"Our revenue growth continues to outpace the growth in operational expenses allowing for us to expand our net margins," he continued. "In addition, we continue to return capital to our stockholders by issuing over $1.5M in dividends in 2020."
他继续说：“我们的收入增长继续超过运营费用的增长，这使我们能够扩大我们的净利润率。”“此外，我们将继续向股东返还资本，在2020年发放逾150万美元的股息。”
Revenues for the nine-month period increased to $1.98M from $740k for the same period a year ago. Net earnings for the nine-month period increased to $954k from $255k from the same period a year ago.
这9个月的营收从去年同期的7.4亿美元增至198万美元。这9个月的净收益从去年同期的255万美元增加到95.4万美元。
The Company continues to explore opportunities in real estate bridge loans, title loans, insurance claims, litigation financing and business acquisitions. The Company seeks to structure the majority of its loan transactions (by dollar amount) with short-term maturities of nine months or less.
该公司继续在房地产过渡性贷款、所有权贷款、保险索赔、诉讼融资和业务收购方面探索机会。该公司寻求将其大部分贷款交易(按美元金额)安排在9个月或更短的短期到期日。
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including without limitation continued demand for short-term specialty non-bank loans, increased levels of competition, new products or offerings introduced by competitors, changes in the market rates of loans, and other risks.
本新闻稿中的前瞻性陈述是根据1995年“私人证券诉讼改革法”中的“安全港”条款作出的。这些前瞻性陈述会受到风险、不确定因素和其他因素的影响，这些因素可能导致实际结果与前瞻性陈述明示或暗示的未来结果大不相同，这些因素包括但不限于对短期专业非银行贷款的持续需求、竞争加剧、竞争对手推出的新产品或产品、贷款市场利率的变化以及其他风险。
About Mill City Ventures III, Ltd.
关于Mill City Ventures III，Ltd.
Founded in 2007, Mill City Ventures III, Ltd., is a short-term non-bank lending and specialty finance company.
Mill City Ventures III有限公司成立于2007年，是一家短期非银行贷款和专业金融公司。
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SOURCE Mill City Ventures III, Ltd.
Source Mill City Ventures III，Ltd.(来源磨坊城市风险投资III有限公司)
/CONTACT: Joseph A. Geraci, CFO, 952-479-1920
联系方式：约瑟夫·A·格拉奇(Joseph A.Geraci)，CFO，952-479-1920
/Web site: http://www.millcityventures3.com
网址：http://www.millcityventures3.com
译文内容由第三方软件翻译。