PRVH - Zahlen sind da - 500 Beiträge pro Seite

[toptiper]

Macht damit was Ihr wollt.... hahahhaha

Providential Holdings Announces Significant Quarterly Operating Results

FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--Feb. 20, 2004--Providential Holdings, Inc. (OTCBB:PRVH)(Berlin Stock Exchange and Frankfurt Stock Exchanges:PR7, WKN 935160) (www.phiglobal.com) today announced the Company`s operating results for the quarter ended December 31, 2003.


Total revenues were $2,389,049 and $30,843 for the quarter ended December 31, 2003, and 2002, respectively, an increase of 7,645%. The increase is due primarily to the completion of a merger agreement the Company facilitated and the acquisition of several new subsidiaries. Of this amount, $2,347,867 in sales and tuition was generated by the subsidiaries.

Net loss from operations for the quarter was $904,928 as compared to that of $545,577 for the same quarter in 2002. Net loss for the quarter was $3,961,534, compared to $654,295 for the same period in 2002, which is equivalent to ($0.04) per share versus ($0.02) per share, respectively, based on the weighted average number of basic and diluted shares outstanding for the pertinent quarters. The difference is primarily attributed to the acquisition of several subsidiaries in the current quarter and a one-time non-cash write-off of $3,150,965 due to impairment of goodwill.

Total revenues were $6,829,049 and $73,352 for the six months ended December 31, 2003, and 2002, respectively, an increase of 9,200%. Revenues for the current period consist of $4,440,000 in consulting fees and $2,389,049 in sales and tuition compared to $11,552 consulting fees and $61,800 in sales for the comparable period in the prior fiscal year. The increase is due primarily to the completion of a merger agreement the Company facilitated and the acquisition of several new subsidiaries. Of this amount, $2,347,867 in sales and tuition was generated by the subsidiaries.

Net income from operations for the six months ended December 31, 2003 was $2,363,897, as compared to net loss from operations of $801,255 for same period ended December 31, 2002. Net loss for the six months ended December 31, 2003 was $782,473, compared to $1,034,054 for the same period in 2002, which is equivalent to ($0.01) per share versus ($0.03) per share, respectively, based on the weighted average number of basic and diluted shares outstanding for the pertinent quarters. Without the one-time accounting write-off of $3,150,965 due to impairment of goodwill, net income would have been $2,368,490 for the six months ended December 31, 2003.

The Company`s management has taken important steps to further increase revenues and generate profits for its subsidiaries, including ATC Technology, ClearPass Systems, PHI Digital Corp., Provimex, Providential Capital, Irvine College of Medical Sciences, and Touchlink Communications. In addition, the Company actively assists Lexor Holdings, Inc. and Nettel Holdings, Inc. in their growth plan in order to create additional value for its holdings in these companies.

In the near term, the Company also seeks to acquire several entities germane to its core business spaces, which are expected to significantly add to the Company`s net worth. These efforts are part of our strategy to build the value of our asset base, and solidify the Company`s balance sheet as we enter our high growth stage.

About Providential Holdings

Providential Holdings, Inc. (PHI) is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, capital and financial services, international markets and special situations.

Products and services include mobile entertainment systems, information technology, identification technology, infrastructure development, telecommunications, trade commerce, and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth.

URL: www.phiglobal.com

Safe Harbor

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company`s actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company`s ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies.

These and other risks are identified in the company`s SEC filings and should be considered in evaluating the forward-looking statements made herein.

[EinKoelner]

Jetzt mal ganz im Ernst....

Ihr tut alle so als wären diese Zahlen der Weltuntergang.
Warum???

PRVH hat im letzten Quartal mehrere neue Firmenbeteiligungen dazu bekommen.

Was habt ihr erwartet?

10 neue Firmen und zusätzlich noch 200% Umsatzsteigerung?

Es ist doch klar, dass diese Firmenbeteiligungen irgendwie bezahlt werden müssen.

Das sagt mir folgender Satz:

The difference is primarily attributed to the acquisition of several subsidiaries in the current quarter and a one-time non-cash write-off of $3,150,965 due to impairment of goodwill.

Dadurch ist eben dieser Nettoverlust entstanden.
Ich habe in dem anderen Thread schon einiges gelesen über Interpretationen dieser Zahlen.

Da wurde rumgeraten etc. etc.
Leute übersetzten "Goodwill" mit "Guten Willen" etc. etc. etc.

Ich bin Informatiker und habe eigentlich mit Wirtschaft nur in meiner Freizeit zu tun,
aber wenn ihr einmal http://dict.leo.org bemüht hättet, dann hättet ihr gesehen das "Goodwill" mit "(ideeller) Firmenwert" zu übersetzen ist.
"impairment" ist die Wertminderung.

Für mich ist also eine "non-cash" Abschreibung von Wertminderungen des Firmenwertes ganz einfach eine Bereinigung des Aktienbestandes. Es wurde früher schon oft kritisiert, dass Aktien mit dem und dem Kurs in den Büchern stehen, obwohl sie eigentlich viel weniger Wert waren. Jetzt habt ihr den reinen Tisch!
Eigentlich sollte das meiner Meinung nach nur Euer Vertrauen in PRVH stärken. Es wäre nichts einfacher gewesen, als diese Abschreibung einfach nicht vorzunehmen.
Die Bücher von PRVH werden sowieso von keiner Aufsichtsbehörde kontrolliert.

Trotzdem stieg das Nettoeinkommen von knapp 800.000$ auf 2,4 Mio $ in den letzten 6 Monaten. Also knapp 300% Steigerung.

Bleibt abzuwarten was passiert, wenn im nächsten Quartal keine Abschreibung in der Höhe von 3,1 Mio $ auftaucht.

Also noch mal... wer durch Firmenbeteiligungen Gewinne einfahren will, der muss erst einmal tief in die Tasche greifen. Das ist eben so.


Nur meine Meinung.

Bye,
Martin