M Line Holdings, Inc. Announces Preliminary Revenue Results for the Six Months Ended December 31, 2013; Provides Earnings Guidance for the Six Months Ended December 31, 2013 and for the Fiscal 2014
January 21, 2014 at 01:35 pm
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M Line Holdings, Inc. announced preliminary revenue results for the six months ended December 31, 2013. For the period, the company's revenues were $5,806,080 as compared to $4,421,473 for the six months ended December 31, 2012, representing a 31% increase.
Profits are estimated to be $307,000 compared to a loss of $742,089 for the six months ended December 31, 2012, representing a $1,049,089 improvement.
The company continues to make good progress towards meeting the forecast of $15 million in revenue and $1,500,000 in profit for fiscal 2014.
M Line Holdings, Inc. is a holding company. The Company is focused on the beverage branding and distribution industry, the food and beverage distributing business, coal industry, the aerospace industry and business financing. Its subsidiaries include Best Choice Food and Beverage, LLC, a food and beverage distributing company; M Line Coal Development, Inc., which intends to acquire permits for the mining and distribution of coal out of mines located in Kentucky; M Line Transportation, Inc., which is formed to manage the transportation of mined coal to its distribution points; Precision Aerospace & Technologies, Inc., which manufactures precision metal component parts and assemblies; and M Line Machinery Funding, Inc., which provides advice and support in raising new capital, management support in relation to financial control and management of the business.
M Line Holdings, Inc. Announces Preliminary Revenue Results for the Six Months Ended December 31, 2013; Provides Earnings Guidance for the Six Months Ended December 31, 2013 and for the Fiscal 2014
M LINE HOLDINGS, INC. 