M Line Holdings Inc. (OTCMKTS:MLHC): Year-To-Date Results For Nine Months Ended March 31, 2014
M Line Holdings Inc. (OTCMKTS:MLHC) today announced its final results for the nine month period ended March 31, 2014 with 25% revenue growth as compared to same nine month period of fiscal 2013. The company reported its revenues at $8.45 million for nine month period of FY14, increase of $1.7 million as compared to same nine months period of FY13. The company reported over 200% increase in its EBITDA during reported period of FY14 which grew to $2.03 million as compared to same period of FY13. The company reported loss of $598,781 for nine month period of FY14 as compared to stated loss of $1.35 million reported for the same nine month period of FY13.
Chief Executive Officer of M Line Holdings Inc. (OTCMKTS:MLHC), Bruce Barren mentioned that the true operating profits continue to increase and the management is positive on meeting its guidance for FY14 ending June 30, 2014. He also ensured that the management is concerned over the undervalued share price and it will improve following the release of full year FY14 earnings. Chief Operating Officer of M Line Holdings, Tony Anish affirmed that by the next year we are looking forward to see a totally different company as some of the acquisition targets may be complete with which the company is currently negotiating.
M Line Holdings Inc. (OTCMKTS:MLHC) offers products and services to the aerospace and medical industries, specifically in the precision high tech segment. The company also sells pre-owned, high-end, Japanese CNC (Computer Numerically Controlled) Equipment. The important clients of the M Line Group include BE Aerospace, UTC Aerospace Systems, Panasonic Avionics, Structural Integrity Engineering, Inc. and Beckman Coulter, among others. Two of the companies that operate under M Line Holdings include Elite Machine Tool Company and Precision Aerospace and Technologies, Inc.© Copyright 2016 OTC News Magazine. All rights reserved.