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READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2022 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 283%
READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2022 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 283%.
About this update from Readen Holding Corp.
[{"type":"text","content":"READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES FILING OF JUNE 30, 2022 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS, REVENUE UP 283%READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has filed its financial statements for the year ending June 30, 2022 with OTC Markets Disclosure & News Service.RHCO reported an increase in Revenue of 283% compared to 2021. The Company also achieved impressive Earnings from Operation, up 25% year-over-year. Yet the Company recorded a loss in Net Profit due to the underperformance of the share price in Tianrong Medical Group, Inc. (OTC: TNMD).The increase in Revenue and Earnings from Operation is a result of RHCO’s continuing effort to transform itself into a Fintech enterprise. With the synergy of the Company’s fully owned OkePay, OkeApp and Readies, RHCO has prepared extremely well for the huge growth in E-payment sector globally. Readies the E-voucher solution has already contributed significantly to the Company’s revenue last year, and OkePay is expected to outperform Readies with the full launch of OkeApp in 4Q of 2022. The Company has recently revised the financial forecast of OkeApp to achieve higher revenue as new features of Oke Travel Club and E-doctor will be added to the super App.E-commerce and Retails section of RHCO is also welcoming a bright future, with both Neckermann Direct and Two Percent are fully operating. RHCO has successfully transformed the 90 years old retail brand Neckermann into a B2C E-commerce Platform, and it is bringing Asian products to European customers. Thousands of popular products are added to the platform every day as RHCO has made arrangement with AliExpress to fulfill cross-border orders. Two Percent, on the other hand, are shipping European high brand products to Asian customers. Hundreds of world-famous brands’ fashion, cosmetic and skin cares products can be purchased online and shipped worldwide, with crazy discount price and free shipping. The increase popularity of Neckermann Direct and Two Percent will also promote the usage of OkePay and OkeApp.Other revenue is also expected from the Company’s recent investment in ANGELO MERMER MADENCLK LMTED RKET, the largest holder of marble reserves in Turkey. It operates a...