Business
HIRU CORPORATION - 2nd Quarter ended June 30, 2023 Financial Results
HIRU CORPORATION - 2nd Quarter ended June 30, 2023 Financial Results.
About this update from Hiru Corp.
[{"type":"text","content":"\n\n\n\nHIRU CORPORATION - 2nd Quarter ended June 30, 2023 Financial Results\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\nHIRU CORPORATION - 2nd Quarter ended June 30, 2023 Financial Results\nPR Newswire\nGLENDALE, Ariz., Aug. 4, 2023\n\n\n\nGLENDALE, Ariz., Aug. 4, 2023 /PRNewswire/ -- Hiru Corporation would like to announce its financial performance for the 2nd Quarter ended June 30, 2023.\nFor the three months ended June 30, 2023, the Company generated gross revenues of $7,769,288 USD with net income of $2,474,622 USD.  This is a 415% increase in top line revenue when compared to the three months ended June 30, 2022, of $1,872,514 USD. Additionally, this is a 263% increase in net income when compared to the three months ended June 30, 2022 of $942,728 USD.\nFor the six months ended June 30, 2023, the Company has generated gross revenues of $12,681,584 USD with net income of $2,855,220 USD. This is a 271% increase in top line revenue when compared to the six months ended June 30, 2022, of $4,687,871 USD. Additionally, this is a 24.04% increase in net income when compared to six months ended June 30, 2022 of $2,301,733 USD\nThe Company retired $968,251 USD in long term debt during the 2nd quarter ended June 30, 2023. Since FYE December 31, 2022 to end of the 2nd Quarter ended June 30, 2023, the Company has lowered its long-term debt liabilities from $2,914,692 USD to $1,328,853 USD (a total lowering of $1,585,839 USD), a 54.41% decrease in long term liabilities.\nThe Company has purchased 25,000,000 shares of Common Stock during the 2nd Quarter ended June 30, 2023.  This block of Common Stock and ongoing monthly buyback will be returned to treasury during the third quarter ended September 30, 2023.\nMs. Kathryn Gavin (President and CEO of the Company), states…\"The Company continues to perform each quarter on all financial metrics related to top line revenue and net income as predicted by management. Additionally, we have made a concerted effort to reduce our long-term liabilities during the ongoing fiscal year in an effort to strengthe...