King Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 21, 2023 at 02:12 pm
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King Resources, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 0.007391 million compared to USD 0.192996 million a year ago. Net loss was USD 0.185957 million compared to USD 0.037089 million a year ago.
For the nine months, sales was USD 0.16958 million compared to USD 0.257328 million a year ago. Net loss was USD 0.959994 million compared to USD 0.094678 million a year ago.
King Resources, Inc. is a holding company. The Company, through its subsidiaries, is engaged primarily in the development of smart power supply solutions as well as lifestyle products in Hong Kong. The Company has five wholly owned subsidiaries, OneSolution Holdings Limited (OSH), Powertech Management Limited (Powertech), Powertech Corporation Limited (Powertech Corp), OneSolution Management Limited (OSM) and OneSolution Innotech Limited (OSIL). Powertech Corp is focused on research and development solutions, sales of its own brand smart power supply products and development of Internet of things (IoT) products across its smart home, smart office and smart fitness ecosystem. OSIL is engaged in selling lifestyle products. OSIL acts as the distributor of five brands, namely Aqigo, Brusheva, Qivation, Paudin, and Team Cuisine. It provides solutions for other companies who are in the fields of developing high power, high voltage power supply and wireless charging technologies.
KING RESOURCES, INC. 