03:57 PM EST - SeaMiles Ltd. : announced today financial results for its second quarter ended June 30, 2008. The Company reported revenue of US$2,694,574 U.S., a 26% increase from US$2,142,363 last year. The increase in revenue is primarily a result of the implementation of management's strategic and operational initiatives to grow its cruise loyalty program. The Company reported net income for the 2008 second quarter of $409,217 or $0.04 per share in 2008 versus a net loss of 21 cents in 2007. For the quarter ended June 30, 2008, the Company reported income from continuing operations of $102,495 or $0.01 per share, compared to income of $70,783 or $0.01 last year. SeaMiles Ltd.
shares V.SEE are trading unchanged at $2.90.
