Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year ended 31 December 2003 in its Form 10-KSB filed with the Securities and Exchange Commission (SEC) on Tuesday.
For the twelve months ended December 31, 2003, Raybor reported revenue of US$23.7 million, compared to US$19.2 million for 2002. The company reported operating profit of US$3.6 million during 2003, compared to US$6.0 million in the previous year.
The decrease in operating profit is due in part to an increase in operating expenses associated with the acquisitions of Freedom Financial, Inc. on June 1, 2003 and Back 2 Backs, Inc.
Additional information can be found in the company's Securities and Exchange Commission filing at www.sec.gov...
