On the other hand, the bank's administrative expenses
grew by 12pc per cent during the quarter under review.
also recorded double-digit growth of 12% YoY.
(Alliance News) - Advanced Oncotherapy PLC on Friday said its loss widened in 2018 as a consequence of cost of sales and higher administrative expenses
for primary and elementary education have been cut from Rs6.65 billion to Rs3.58 billion, higher education from Rs13.92 billion to Rs10.56 billion and technical education from Rs2.41 billion to Rs2.05 billion.
Laredo Petroleum announced the company has taken measures to align the company's cost structure with operational activity, reducing combined cash and non-cash general and administrative expenses
and capitalized employee costs by approximately 25% on an annualized basis.
The general and administrative expenses
were reduced by SR1.6 million ($426,600), resulting from lower employee costs.
For the 9M2018, earning fell by 55 percent YoY due to 3.3ppts margin depletion, 48 percent increase in administrative expenses
as well as an effective tax rate of 44 percent compared to 31 percent in the same period last year.
Total general and administrative expenses
were $2,278,586, or 28.8% of total revenues for the fiscal 2019 first quarter, as compared to $2,218,409, or 29.9% of total revenues for the same period of the prior year.
Court Rules Failed California Workers' Comp Insurer Can't Use Special Funds for Administrative Expenses
The administrative expenses
consume 80 per cent of the revenue made by the organization.
deducted from gross return may play a significant role in net return.
It generates its own income to meet its administrative expenses