Omega United Inc., doing business as SkyPostal, posted a net loss of $1 million for the first quarter, compared to a net loss of $445,418 in the prior year.
The alternative postal carrier in the Latin American and Caribbean region reported sales of $2.4 million for the quarter ended March 31, a 40% increase over $1.7 million last year.
The Miami-based firm reported that margins increased from 17% to 24% compared to the first quarter last year.
“Our investment in 2007 has provided a solid groundwork for a strong 2008,”said CEO Albert P. Hernandez, in a statement.
The company said it has exclusive agreements in place with over 20 major private postal services in 20 different countries throughout the region for the delivery of commercial mail, periodicals and parcel post.
Network
