The financials for our company have shown a steady growth over the progression of our products. In the last three years alone, the company has seen its profits increase substantially. In 2016 our profits were four times higher than they were in 2015. Our Return on Sales, (ROS) grew from 3.5% to 11.9% within the same time frame. Also our ROS was the highest compared to all of our competitors, with the closest being at 11.1%.
Chester stock was the only one among our competitors to receive an AA rating by Standard and Poor’s. In the past, our company has been investing heavily in research and development as to bring the best products to our customers, thus we have not paid dividends in the last couple of years. In 2016, we were able to pay our highest dividend ever and the patience of our stockholders has been greatly appreciated. As an appreciative gesture, moving forward we are planning on paying out high dividends to our stockholders.
As of 2016, the book value of our stock is priced at $43.03, which is 21 % higher than 2015. One of the more impressive financial highlights proved to be our increase on our Return on Equity, (ROE), this grew from a modest 8% in 2015 to a remarkable 24.3% in 2016.
In closing, 2016 proved to be one of our best years and now that we have a solid foundation with our products, we expect our company to continue to increase in our sales and profit margins. We thank all of our stockholders for their patience and hope that our continued success will enable both parties a constant stream of monetary victory.
Wednesday, January 7, 2009
Financial Highlights
Posted by Chester, Inc. at 10:42 PM
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