Kreido Biofuels, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 18, 2019 at 01:57 pm EST
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Kreido Biofuels, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced operating loss was USD 3,807 compared to USD 8,437 a year ago. Net loss was USD 3,807 compared to USD 8,437 a year ago. For the nine months, operating loss was USD 20,802 compared to USD 23,287 a year ago. Net loss was USD 20,802 compared to USD 23,287 a year ago. Basic loss per share was USD 0.01 compared to USD 0.01 a year ago.
Namliong SkyCosmos Inc, formerly Kreido Biofuels, Inc, is a Taiwan-based company mainly engaged in providing renewable energy through its process intensification technology, the spinning-tube-in-tube (STT). The STT chemical process intensification system provides solutions to many of the manufacturing issues related to the production of chemicals. The Company has developed production units to manufacture biodiesel fuel based upon its STT technology. Its offerings include STT 30G biodiesel production unit, which is a complete, pipe-to-pipe biodiesel production system. In addition to its STT 30G, it also offers STT Reactor Systems and related plant engineering services for partnerships.
NAMLIONG SKYCOSMOS, INC. 
