Correction on it's way! Revenue grew by a substantial 484% to $2,610,756 as compared with $448,021 for the same period last year. On a quarter-to-quarter basis, top-line rose by an impressive 117%, as compared with the June 2019 period.
While growth in revenue was diverse and across multiple holdings, the primary drivers of the sales growth included new holdings, including DHE Group, and the Company’s recently acquired agribusinesses, and others. Sales momentum is building rapidly in our key holdings and we expect to continue to generate significant gains in revenue for the quarter ending December 31, 2019, which will include additional acquired firms and cross-holdings sales. In addition, as the integration of the recently closed transactions continues, our gross and operating profitability will be favorably impacted as well due to cost-saving measures. We are also exploring alternative financing sources which could reduce our financing costs, thereby raising our overall profit profile.
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