Scientific Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 20, 2023 at 11:12 am
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Scientific Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 9.75 million compared to USD 11.25 million a year ago. Net income was USD 0.715568 million compared to net loss of USD 0.562332 million a year ago. Basic earnings per share from continuing operations was USD 0.003 compared to basic loss per share from continuing operations of USD 0.002 a year ago.
For the nine months, sales was USD 28.64 million compared to USD 33.07 million a year ago. Net income was USD 1.68 million compared to net loss of USD 3.1 million a year ago. Basic earnings per share from continuing operations was USD 0.006 compared to basic loss per share from continuing operations of USD 0.012 a year ago.
Scientific Energy, Inc. is a mobile platform for ordering and delivery services for restaurants or other merchants. The Company operates in Macau and its businesses are built on its platform, Aomi App (the Platform). The Platform connects restaurants/merchants with consumers and delivery riders. It offers customers access to the Platform primarily through its mobile applications designed for iPhone, Android, and iPad devices. In addition to food, customers can also order grocery and other non-food merchandise through its Platform, Aomi Supermarket, such as fruits and vegetables, meat, poultry, eggs and milk, seafood and aquatic products, grain, oil, seasoning, snacks, beverages and other groceries. The Platform allows customers to direct delivery riders to purchase the desired merchandise at the Aomi Supermarket and deliver to them. The Company's subsidiaries include Macao E-Media Development Company Limited, a Macau Company and Gold Gold Gold Limited (3G), a Hong Kong company.
SCIENTIFIC ENERGY, INC. 
