Mill City Ventures III Q4 Sales $847.52K Up From $678.21K YoY; Investment Income From Lending Operations Increases 58%; Shareholder Equity Increases 36.7%

Mill City Ventures III (NASDAQ:MCVT) reported $847.52 thousand in sales this quarter. This is a 24.96 percent increase over sales of $678.21 thousand the same period last year.

2022 Highlights

• Investment income from lending operations increased 24.9% to $847,518 in the three-month period ended December 31, 2022, from $678,209 in the prior year period. For the 2022 full year, investment income was $4,199,453 compared to $2,656,201 in 2021, a $1,543,252 or 58% increase.
• Pre-tax earnings from lending operations were $316,506 in the three-month period ended December 31, 2022, compared to $347,054 in the prior year period. For the 2022 full year, net gain from lending operations increased to $1,440,576 from $1,301,450, a $139,126 or 10.6% increase.
  • Shareholder equity increased to $18,342,339 from $13,414,048 at December 31, 2021.