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IMD Companies Inc (OTCMKTS:ICBU), Reported Revenue of $4.62 Million

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The Board of Directors of IMD Companies Inc (OTCMKTS:ICBU) has announced that KRSNA Minerals, the company’s subsidiary has announced record revenues amounting to $4,616,013 and net profits amounting to $996,490 during the second quarter of 2017. The company has projected higher revenue during the third quarter for the third. IMD Companies filed its financial results for the second quarter and will be announcing the financial results for the third quarter next week. Additionally, the company will be going fully current with OTC Markets in the coming week.

KRSNA Minerals has announced that it is expanding its operations on the mines due to additional purchase orders that the company secured from Hong Kong based company. The company has made an order for 40, 000 Metric Tons of Iron Ore and 5,000 Metric Tons of Magnesia Chrome Powder. The order amounts to around 70 million dollars. Due to the additional orders, the company extended the contract to two years for delivery. The company has also announced that it will be shipping its second order of 10,000 metric tons of Chrome Powder. The first order was shipped in the first quarter. Mining Operations for all orders are going on.

IMD Companies has its headquarters in Florida. It is engaged in the production, extraction as well as distribution in mining, hydroponics industries. Additionally, the company is engaged in accumulations of revenue producing companies. The company has positioned itself as a holding company for acquisitions in the mining, medical and hydroponics fields. Many of the acquisitions in these fields are R-Quest Hydroponics from Anything Technologies Media. IMD Companies as well as the principals of the management team have a lot of experience and extensive backgrounds in manufacturing, finance, distribution and marketing. IMD Companies’s main goal is to create and increase the value of shareholders by tactically growing and expanding its core business in Hydroponics while at the same time strategically seeking to acquire new businesses. The company is also seeking to create other business partnerships with the sole aim of generating increased revenues and earnings.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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