Zzll Information Technology, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 03:45 pm
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ZZLL Information Technology, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 291,257 compared to USD 28,206 a year ago. Operating income was USD 176,772 compared to operating loss of USD 71,698 a year ago. Net income was USD 179,333 compared to net loss of USD 72,144 a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to basic loss per share from continuing operations of USD 0.36 a year ago. For the nine months, sales was USD 359,325 compared to USD 42,287 a year ago. Operating income was USD 79,266 compared to operating loss of USD 44,818 a year ago. Net income was USD 310,595 compared to net loss of USD 43,374 a year ago. Basic earnings per share from continuing operations was USD 1.53 compared to basic loss per share from continuing operations of USD 0.21 a year ago.
ZZLL Information Technology, Inc., formerly Green Standard Technologies, Inc., operates through its subsidiaries, including Olive Oils Direct International, Inc. (OODI), Syndicore Asia Limited (SAL) and Green Standard Technologies Enterprises, Inc. (GSTEI). OODI is a development-stage company that plans to develop and operate a retail Internet Website specializing in gourmet Italian food products. OODI is developing an e-commerce Website, www.OliveOilsDirect.com, to sell products inventoried by OliveOilsDirect.com and products offered by other retailers. SAL is an online media company that syndicates professional sports video in a cloud-based, multimedia conduit for content creators, news outlets and brands. The Company's second line of business is carried out by GSTEI, which is in the medical and recreation marijuana industry.
ZZLL INFORMATION TECHNOLOGY, INC. 
