SAN DIEGO–(PRNewswire)– Trucept Incorporated has filed its second quarter report for 2016. The Company earned a net profit of approximately $1.6 million for the six months ending June 30, 2016.
For the three-month period ending June 30, the company earned a net profit of $920,526. This is a 30 percent increase in profitability over the previous quarter.
CEO Brian Bonar said he is delighted with the company’s performance which continues to meet and exceed internal plans. Management has reduced operating expenses by almost $1 million from the same period in 2015 and will continue to examine bad debt reserves.
“We anticipate maintaining steady sales growth, selling more profitable products and offerings,” Bonar said.
Bonar also said that the company intends to focus on profitability rather than sales growth. “We anticipate the introduction of several dramatic products and offerings that should increase profitability for the balance of 2016.”
Trucept Inc. relieves clients from business operations tasks, including payroll processing, human resources support, workers’ compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing. It also offers employee and employer benefits and aftermarket products.
