Business
Hello Pal Announces $1,500,000 in Revenue for October 2020
Hello Pal Announces $1,500,000 in Revenue for October 2020 - Asian subsidiary a...
About this update from Hello Pal International, Inc.
[{"type":"text","content":"\n \n \n \n Hello Pal Announces $1,500,000 in Revenue for October 2020\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n - Asian subsidiary achieves profitability.\n \n \n Canada NewsWire\n \n \n Vancouver, B.C, Nov. 18, 2020\n \n \n \n \n \n Vancouver, B.C\n \n ,\n \n Nov. 18, 2020\n \n /CNW/ --\n \n \n \n Hello Pal International Inc.\n \n (\"Hello Pal\" or the \"Company\") [CSE:HP][ Frankfurt:27H] [ OTC:HLLPF], a provider of rapidly growing international live-streaming, social messaging and language learning mobile apps, is pleased to announce that it achieved over\n \n $1,500,000\n \n in revenue for the month of October.\n \n \n \n \n \n \n \n \n \n \n \n \n \n Livestreaming Service\n \n \n \n \n Hello Pal's livestreaming service revenue for the month of October was\n \n $1,500,000\n \n with its Asian subsidiary being cashflow positive (see chart below).\n \n \n \"As our business has continued to grow and evolve over recent months, we are pleased to report monthly revenue for the first time. We will continue to refine our user experience, roll out new products and features, and operate in increasingly efficient manner as Hello Pal continues its growth plans.\" said KL Wong, Founder and Chairman of the Company.\n \n \n \n Second Quarter Financial Results\n \n \n \n The Company is also pleased to report its financial results for the quarter period ended\n \n August 31\n \n , 2020.  A copy of the financial statements and management discussion and analysis has been filed on\n \n www.sedar.com\n \n \n \n \n Revenue of\n \n $3,058,879\n \n for quarter ended\n \n August 31, 2020\n \n and\n \n $4,290,412\n \n for the six months ended\n \n August 31, 2020\n \n .\n \n \n Gross profit of\n \n $174,411\n \n for the quarter ended\n \n August 31, 2020\n \n and\n \n $185,415\n \n for the six months ended\n \n August 31, 2020\n \n .\n \n \n \n \n \n User Base Performance\n \n \n \n \n As of the date of the news release, Hello Pal's registered user base is over 5.2 million users from over 200 countries and regions.  The positive increase in registered users continu...