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Dogness international Corporation  (DOGZ)
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Earnings lifted by $2.78 millions tax provisions

A $2.78 millions in income tax benefit, fueled Dogness International Corporation to exhibit $0.10 eps in the fourth quarter of 2022

Published 2022-10-01T12:44:52+00:00
Goran Soko / CSIMarket.com Contributer

Focusing on the fourth quarter of 2022 income per share increased by 100 % to $0.10 per share, followed by Revenue increment of 11.411 % to $27.10 millions, compared with the prior year period.

From the preceding reporting period, from $0.00 per share and from $0.00 millions.

The Miscellaneous Manufacturing company is expanding prospects and taking market position, as the DOGZ supports business partners differentiate, promote resilience and more.
Net profits of $3.016 millions in the fourth quarter of 2022 increased by 132.18 % from net earnings of $1.299 millions reported in the fourth quarter of 2022 a year ago. Although operating margin fell to 0.27%, in the fourth quarter of 2022, the the Dogness International Corporations' net margin actually improved to 11.13%.

Well, to be fair enough, the DOGZs' EPS rise was fueled by the $2.78 million tax provisions, if we would exclude it, the fourth quarter of 2022 recent numbers should be more minuscular.
Operating earnings, fell -96.01% to $0.074056 millions, squeezing Dogness International Corporation's operating margin to %. Studying more the financial numbers for the financial year 2022, company announced Revenues of $27.10 millions and net earnings of $3.02 millions.

Miscellaneous Manufacturing company mentioned also, that Eps soared by 100 % to $0.10 per share from $0.05 in the previous financial year , and contributedRevenues advanced by 11.41 % from $24.32 millions a year before.

Dogness International Corporation is expected to report next financial recent numbers on September 29, 2023.


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Other DOGZ's Earnings Reports

Dogness International reported second quarter 2022 earnings

Dogness International reported first quarter 2022 earnings

Dogness International reported fourth quarter 2021 earnings

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