CYS Investments, Inc (CYS) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $34.02 million, or $ 0.19 a share in the quarter, against a net loss of $180.16 million, or $1.23 a share in the last year period. Revenue during the quarter grew 6.92 percent to $73.31 million from $68.57 million in the previous year period.
Total expenses were $6.21 million for the quarter, up 20.15 percent or $1.04 million from year-ago period. Operating margin for the quarter contracted 93 basis points over the previous year period to 91.52 percent.
Operating income for the quarter was $67.10 million, compared with $63.40 million in the previous year period.
Other income during the quarter was $73.31 million, up 6.92 percent or $4.75 million from year-ago period.
Receivables remain almost stable
Net receivables stood at $31.97 million as on Mar. 31, 2017. Accounts payable stood at $524.48 million as on Mar. 31, 2017. Investments stood at $11,205.43 million as on Mar. 31, 2017.
Total assets stood at $11,240.92million as on Mar. 31, 2017. On the other hand, total liabilities were at $9,713.25 million as on Mar. 31, 2017.
Return on assets was at 0.47 percent in the quarter. At the same time, return on equity was at 1.89 percent in the quarter.
Total debt was at $9,015.59 million as on Mar. 31, 2017. Shareholders equity was at $1,527.67 million as on Mar. 31, 2017. Meanwhile, debt to equity ratio was at 5.90 percent in the quarter.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
