Oct 2nd 2011, 16:11 MLS MiLOS Designs
by firstdesigns Milos
MLS Posts Dividend to Shareholders
Below is a link to the September 2011 Financials:
September 2011 was a very exciting month for MiLOS Designs
I met back up with an old product designer during the beginning of September and to my surprise we ended the conversation with the start of development work which 20 days later led to the release of a completely new range of mesh boots; MiLOS HuGs. The introduction of these fantastic new boots has sturred much interest and we felt that we had to throw a big party to celebrate the launch. A photo contest was set-up with the top winning entries receiving cash prizes as well as the range of the new boots. The event was a big success and it has increased the awareness of the new boots.
September resulted in a Net Profit of L$40,949.
Revenue came in at L$63,819 (In-Store Sales L$6,034, XStreet Sales L$53,672, Franchise Sales L$4,113).
Marketing and other costs totalling L$14,524 related to the related advertising and marketing costs associated with the launch of the MiLOS HuGs.
A total of L$100,000 was invested this month, L$55,000 being the development of the MiLOS HuGs and the acquisition a range of male and female clothing and L$45,000 being the capitalised product posters (the product posters are deemed an asset of MiLOS Designs as they are costs associated with bringing the products to its saleable condition and the posters meet the definition of an asset).
October has seen the appointment of someone who will aid in marketing and advertising. We are looking to set-up some infrastructure regarding the MiLOS groups and we are looking back on the 11,800+ individual customers who have purchased MiLOS products since the beginning. We are also looking at the 300+ business men and women who have already purchased MiLOS Franchise packs. Building these groups up with give us increased information flows and I hope we can gain greater awareness of the brand from this.
MiLOS Designs are also going to look at its existing product descriptions as well as analysing those products that sell well and those that do not.
September 2011 will see a dividend of L$50,000 and this will be paid shortly.
Please feel free to email me at Milosdesigns@gmail.com if you have any queries or questions relating to the performance of MiLOS Designs
Chief Executive Officer - MiLOS Designs
|Total Amount of Dividend||L$50,000.14|
|Number of shares outstanding||2000000|
|Dividend per share||0.025|
Dividend posted successfully, and all shareholder accounts have been credited.