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.
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.
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.
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SOURCE: MHHC Enterprise, Inc.