DGSE's EBITA go up $.21 per share in Q2

13 Aug '05

3 min read

"The Second Quarter continued the growth trends of company core businesses," noted William H. Oyster, president and Chief Operating Officer of DGSE Companies Inc. Mr. Oyster continued, "While company near term earnings have been moderately effected by the start up and initial operating costs of three new American Pay Day Centers Inc stores in New Mexico, the investment has already demonstrated its ability to make a material contribution to company future growth."

Loan balances are growing quickly and ahead of pro-forma expectations. The plan is to expand this operation with additional locations in New Mexico in the near future.

Dallas based DGSE Companies Inc is engage in to wholesales and retails jewelry, diamonds, fine watches, precious metal bullion and rare coin products to domestic and international customers via traditional and Internet channels.

DGSE also owns Fairchild International Inc, one of the largest vintage watch wholesalers in the country. The company was developed to expand the reach of Dallas Gold and Silver Exchange Inc into the global marketplace provided by the internet. By supplying both everyday and hard-to-find jewelry items, DGSE provides bidders/buyers with virtually unlimited access to all types of jewelry at incredibly low prices.

DGSE Companies Inc

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