$HNRC PROJECTS STRONG FIRST QUARTER EARNINGS The company is projecting $20 million in revenue and $10m in EBITDA for the year ending December 31,2022 with the first quarter projected to be $5 million in revenue and $2.5m in EBITDA. The company has historically been increasing revenues over the last three years. This is been due to increase in revenues from its portfolio companies and acquisitions.
The company's revenues have increased by more than 91% to $18,217.737 over the last year from the previous year and net income increasing by more than 157% to $7,636,830.
The company's net assets have increased 2% to $74,251,027 over the last year. The company's net asset value is $3.46 per share for the period ending December 31, 2021. The company recently announced a letter of intent to acquire Cunningham Energy, which would result in a significant increase in the company's assets for the year ending December 31,2022.
The company is planning on applying for listing on the OTCQB in the second quarter. It has engaged auditors Sadler Gibbs and the first year of Worldwide Diversified Holdings, Inc has been completed and they are working on the second year. The listing requirements include two-year audited statements.
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