A-Mark Precious Metals reported a 9% increase in revenue to $2.72 billion compared to the same quarter last year, but net income attributable to the company decreased by 52% to $9.0 million. Diluted earnings per share were $0.37, a 52% decrease year-over-year. The company's Board of Directors reaffirmed its quarterly cash dividend policy of $0.20 per share.
Revenues increased 9% to $2.72 billion compared to the same quarter last year.
Diluted earnings per share totaled $0.37, a 52% decrease compared to the same quarter last year.
Gross profit decreased 12% to $43.4 million from $49.4 million in the same year-ago quarter.
The company reaffirmed its regular quarterly cash dividend of $0.20 per share.
A-Mark is focused on long-term success by extending their credit facility, expanding logistics capabilities, and advancing their reach in Asia.
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