Miami, Florida (PRWEB) May 01, 2012
Taurinex Corporation, a privately held importer and distributor of commercial stainless steel end-products, has released financial results for its first quarter of the year.
Taurinex reported a year-over-year revenue increase of 16.8% from the same period in 2011. The operating margin, prior to officer compensation, remains largely unchanged at 20.5% of total revenue.
While the South Florida based company has recently formed new partnerships to commence its plan for overseas operations, much of the reported growth is attributed to an increase in the stateside activities of its retail division. Efficiency in cost modeling and product-level profit forecasting is sustained through the use of a dynamic pricing database system designed by the company's director and former computer engineer, Adam Guthrie of Miami, FL. Guthrie is also listed as a director of the newly formed ISCM Corporation, an international payments system registered in Delaware.
Primary development plans underway for Taurinex in its second quarter of the year include a substantial and ongoing accession of new manufacturers to the portfolio the company presents to its distribution networks, along with the contracting of additional shipping centers in Germany, Amsterdam and the United Kingdom.