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Mamamancinis Holdings Inc   (MMMB)
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EARNINGS REPORT by CSIMarket

Profits Soar by 200 %, Sales very Strong

Mamamancinis Holdings Inc announced first quarter 2020 operating profit of $0.975954 millions

Prosciutto_con_melone_By_Nikodem_Nijaki_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licensesby-sa3.0)]_via_Wikimedia_CommonsMamamancinis Holdings Inc delivered very strong results in the first quarter 2020, where Sales soared by 51.97 % to $11 millions, driven by higher sales in ornbsp;, while company's earnings per share more than doubled by 200 % to $0.03 per share, from the same quarter a year ago.

In contrast to the fourth quarter 2019 Sales advanced by 9.2 % from $10 millions and eps more than doubled by 201.28 % from $0.01 per share.

Net income of $0.906 millions in the first quarter 2020 increased by 154.79 % from break-even achieved in the corresponding quarter a year ago. Mamamancinis Holdings Inc also emphasized it's improving profit margins, where net margin rose to 8.16% in first quarter 2020, and operating margin edged up to 8.79%.


Mamamancinis Holdings Inc is expected to report next financial results on September 11, 2020.


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Other MMMB's Earnings Reports

Mamamancinis Holdings Inc reported fourth quarter 2019 earnings

Mamamancinis Holdings Inc reported third quarter 2019 earnings

Mamamancinis Holdings Inc reported second quarter 2019 earnings

       
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