Another month of strong revenues. (CNW) Hello Pal Announces $2,412,000 Monthly Revenue for March 2021
Friday, April 9, 2021, 9:25 AM ET
VANCOUVER, BC, April 9, 2021 /CNW/ -- Hello Pal International Inc. ("Hello Pal" or the "Company") (CSE: HP) (Frankfurt: 27H) (OTCQB: HLLPF), a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce that it achieved 12,518,000 CNY ($2,412,000 CAD) in revenue for the month of March 2021, an increase of around 800,000 CNY from the previous month.
Operating under a CAD/CNY exchange rate of 5.19 as of April 7, 2021, the monthly revenue of $2,412,000 CAD is the fourth successive month above $2 million that the Company has achieved. Gross margin for the period was 15%.
Non-China revenue has been progressing steadily, with non-China revenue now accounting for 20% of its total revenue, having increased from 16% the previous month. Additionally, the number of non-China livestreaming minutes is now double that of China, the daily non-China hosts is now triple that of China, and significantly, the number of paying users from non-China countries has also exceeded that of China.
"We are pleased to be able to continue our growth in revenue and as the data suggests, our efforts in the overseas livestreaming markets are slowly bearing fruit," said KL Wong, Founder and Chairman of the Company.