PHI Group Inc (PHIL)

[pivotpoint1]

Yes amended.. Understand $PHIL is projecting 51 million in revenues for 2019..now again jmho... The only one thing stopping that is the closing of Saigon Pho Palace ..

"SGP Palace (www.saigonphopalace.com) has an excellent track record in the field of hospitality, construction and real estate investment and is currently developing a number of prominent projects in Ho Chi Minh City and other locations in Vietnam. It has been successfully operating a chain of restaurants that cater to wedding banquets and convention events and plans to build thirty-five more restaurants of this type by 2025. It is estimated that this market segment in Vietnam generates approximately $8 billion in revenue a year. In addition, SGP also has plans to build new chains of 50 “SGP Bulkoki” restaurants by 2025 and 200 “SGP X-N Coffee” shops by 2027. According to Mr. Quy Minh Le, SGP’s Chairman and General Director, its unaudited annual revenues are approximately over US$ 90 million and expected to rise sharply with the additional restaurant and coffee shop chains in the future."
https://finance.yahoo.com/news/phi-group-saigon-pho-palace-144615153.html


During the quarter ended September 30, 2018, the Company successfully closed the acquisition of 51% ownership in Vinafilms Joint Stock Company (www.vinafilms.com.vn), which generated $25 million in revenues and $765,000 in EBITDA in 2017 according to Vinafilms’ domestically audited annual report containing financial statements for the year ended December 31, 2017. Vinafilms has recently installed a German state-of-the-art plastic film processing system and plans to add two more of these to meet the growing domestic and international demand for its products. Vinafilms also plans to enter a joint venture with a leading Vietnamese plastic bag manufacturing company with an aim to bring combined revenues to over $150 million per year by the end of 2019. PHI Group is currently conducting the financial audits of Vinafilms according to the U.S. Generally Acceptable Accounting Principles (GAAP) and will be able to report consolidated operating results from Vinafilms JSC for the quarter commencing October 1, 2018.



$PHIL

https://finance.yahoo.com/news/phi-group-comments-operating-results-142859060.html