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Stockreport

DGSE Completes Turnaround Year With 4th Quarter Profit

DGSE COMPANIES (DGSE)  More Company Research Source: Business Wire
NASDAQ:AMEX Investor Relations: dgsecompanies.com/investors
PDF DALLAS--(BUSINESS WIRE)-- DGSE Companies, Inc. (NYSE MKT:DGSE) (“DGSE” or the “Company”) announces its fourth consecutive profitable quarter and an annual profit of $1.8 million, capping a remarkable turnaround for the jewelry and bullion business. The Dallas-based Company, a leading wholesaler and retailer of jewelry, diamonds, fine watches and precious metals, reported revenues of $14.4 million and $750 thousand in net profits for the three months ending December 31, 2017. That brought the totals for the year to $62 million in revenue - up from $48 million in 2016 - and $1.8 million in net profits, and reversed several years of annual losses. “We’re proud to have returned to profitability by changing company strategy and returning to our roots - buying and selling jewelry and timepieces at exceptional prices,” said John Loftus, DGSE’s President, Chairman and Chief Executive Officer [Read more]

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