Pathways to Peace Uganda

‘Runzo Outdoor Sports’ closes in on $1 billion in first quarter 2018

The outdoor sports marketing company Runzo Outdoor is closing in on a $1.2 billion fourth quarter and expects to be profitable by the end of the year.

The company reported quarterly revenue of $3.7 billion and earnings of $1,621 per share on sales of $2.2 million.

The company said its overall revenue in the quarter was $6.2 bln, up 9.4% from the same quarter last year.

In the fourth quarter of 2018, Runzo reported a net loss of $9.1 million, or 59 cents per share.

The stock rose $2 to $27.95.