On Thursday, Diversified Global Holdings Group Inc. announced their financial results for the six months ended June 30, 2011. The Company attributes their improved results, over the comparable period in 2010, to several successful acquisitions. Diversified Global Holdings Group Inc. is an expanding international holdings company with strong subsidiaries in emerging markets.
Mr. Richard Lloyd, Chief Executive Officer and co-founder of Diversified Global Holdings Group Inc., stated, “Our construction division is performing very well, and I am very encouraged with the progress we have made so far this year. We intend to continue our acquisition strategy with the goal of increasing shareholder value. This quarter we enhanced our service offering by entering two additional industries, while growing revenues by 243 percent over the prior period. We expect our operations to continue this growth trend well into the foreseeable future.”
For the six months, ended June 30, 2011, net earnings increased to $712,257 from $196,367. This is an increase of $515,890 or 262 percent from the period ended June 30, 2010.
Gross margin was $2,972,988 for the six months ended June 30, 2011. This is in comparison to $982,955 for the same period in 2010, representing an increase of $1,990,033 or 202 percent over the previous year. Gross margin was approximately 30 percent for the six months ended June 30, 2011. Diversified Global Holdings Group estimates that gross margins will improve steadily throughout 2011 with the scheduled completion of existing work projects and the addition of several more acquisitions contributing to estimated higher margins in line with the Company’s business plan.
For the three months, ended June 30, 2011, net earnings increased to $516,027. This is in comparison to $132,052 for the three months ended June 30, 2010, representing an increase of $383,975 or 290 percent over the previous year. They reported revenues for the three months ended June 30, 2011 of $4,251,988. This is in comparison to $1,523,309 for the three months ended June 30, 2010, representing an increase of $2,728,679 or 179 percent over the prior year.
Headquartered in Orlando, Florida, Diversified Global Holdings Group Inc. is a rapidly growing holdings company. The Company has proven M&A expertise; their intention is to continue their expansion in emerging markets by leveraging their six divisions into 12 major market sectors. The Company’s business plan includes growth via acquisitions and increased profits through strategic alliances formed within the holdings while improving efficiencies through consolidation.
For more information visit: www.dghold.com
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