According to Rymco’s June 2016 balance sheet, the company’s total assets grew by 22.46% year-on-year to $196.54M while total shareholders’ equity edged up by 3.72% year-on-year to $52.02M. The main drivers behind the rise in total assets are the rises in the notes and accounts receivables and the inventory of cars and spare parts.
Rymco’s net income plunged from $3.20M at the end of June 2015 to $2.68M at the end of June 2016.
The company’s sales, net of discounts, dropped by 1.19% year-on-year to $111.57M.
General and administrative expenses fell by a marginal 0.17% year-on-year to $2.65M while salaries, wages and related charges advanced by 5.39% to $3.79M.
Rymco’s Financial Highlights as at June 2016
| In USD | 6/30/2016 | 6/30/2015 | % chg. |
| Total Assets | 196,542,366 | 160,494,655 | 22.46% |
| Total Shareholders’ Equity | 52,018,519 | 50,154,486 | 3.72% |
| Sales (Net of Discounts) | 111,565,071 | 112,909,231 | -1.19% |
| General and Administrative Expenses | 2,646,275 | 2,650,858 | -0.17% |
| Salaries, wages and related charges | 3,791,168 | 3,597,157 | 5.39% |
| Advertising and selling expenses | 904,352 | 941,071 | -3.90% |
| Net Income | 2,682,007 | 3,201,859 | -16.24% |
Source: Rymco