ACCESS Newswire
09 Oct 2019, 06:07 GMT+10
SEATTLE, WA / ACCESSWIRE / October 8, 2019 / MHHC Enterprise, Inc. (OTC PINK:MHHC) continues to report solid fiscal growth through the third quarter of fiscal year 2019, wherein both adjusted revenues surpassed, and expenditures declined beyond expectations.
Revenue Details
Adjusted revenues for the third quarter grew to approximately $126,612.00, an increase of 38% over the same period in 2018, and a 32% increase over the second quarter of 2019.
The company witnessed solid growth in warranty service products offered through wholly owned subsidiary MHHC Warranty and Services, Inc., as its sales and services have now expanded to over 35 states. Continued expansion throughout the balance of the United States from our Warranty and Services business is anticipated to grow revenues even higher throughout the fourth quarter of 2019. Additional implementation of new strategic partnerships and expanded product offerings will continue to grow revenues through 2020 as well.
MHHC anticipates announcing more strategic partnerships and new product offerings throughout the balance of 2019 that will contribute to upcoming revenue growth for MHHC Warranty and Services, Inc., and other newly formed subsidiaries.
Operating Performance
Additionally, operating income continues to improve over 2018, with operating income increasing over 100% over the same third quarter period a year ago.
MHHC Executive Staff is still working to improve revenue performance overall and understand significant improvement is desired. Our organization remains optimistic that organizationally we are making steady progress and looks forward to continuing steady revenue growth over the next several months.
Please submit any Investor Relations questions or comments to [email protected].
Safe Harbor and Forward-Looking Statements
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as 'may,' 'should,' 'expect,' 'anticipate,' 'believe,' 'estimate,' 'intend,' 'plan' and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
SOURCE: MHHC Enterprise, Inc.
Get a daily dose of Albuquerque Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.
More InformationDHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...