UC Asset is debt free, cash positive, and aims at $0.19/share gross profit
UC Asset LP (OTCQB: UCASU) has successfully paid off all debt obligations, resulting in zero debt. The company maintains positive cash reserves and is targeting a gross profit of $1 million (approximately $0.19 per share) for 2023. As interest rates rise, UC Asset is restructuring its debt investments to secure higher income.
In January 2023 alone, UC Asset reported a gross profit of $550,000. The company has consistently shown operational profitability, achieving $491,000 in gross profit for 2021 and plans to reduce management compensation to potentially increase net income and dividends for shareholders.
- Paid off all debt obligations, resulting in zero debt.
- Targeting $1 million gross profit for 2023, with $550,000 secured in January.
- Plans to reduce management pay, potentially increasing net income margins.
- Previous years of operational profitability with steady gross profit growth.
- None.
"Ever since our incorporation, our management have adopted a disciplined investment strategy and kept our debt/equity ratio under
Wu elaborates that being debt free will eliminate the uncertainty of rising cost, in case that the interest rate may continue to climb. The company may remain debt free for an extended period until the interest rate will stabilize and starts to decrease.
Meanwhile, rising interest rate has moved the average return on equity (ROE) up. It means that
Wu confirms that
Recently,
Management have indicated that the company may distribute more dividend to its shareholders, if it reports higher net income.
Last year, the company completed distribution to its shareholders a cash dividend of
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This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact: +1 470-475-1035, IR @UCasset.com
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