Benzinga | Sep 15, 2020 07:13AM EDT

MDJM 1H Sales $2.71M, EPS $0.01

* Revenue increased by 21.2% to $2.71 million for the first half of 2020, primarily attributable to an increased average commission rate for primary real estate agency services.

* Operating expenses decreased by 5.8% to $2.63 million for the first half of 2020. The decrease was primarily related to decreased professional fees and operating lease expenses that more than offset the increase in payroll.

* Operating profit margin was 3.0% for the first half of 2020, compared to the operating loss margin of 24.9% for the same period of last year.

* Net income attributable to ordinary shareholders was $0.13 million, or earnings per share of $0.01, for the first half of 2020, compared to a net loss attributable to ordinary shareholders of $0.51 million, or a net loss per share of $0.04, for the same period of last year.