Verde Resources, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 20, 2020 at 06:06 am EST
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Verde Resources, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced operating loss was USD 30,669 compared to USD 37,441 a year ago. Net loss was USD 27,939 compared to USD 11,097 a year ago. Basic loss per share from continuing operations was USD 0.0002 compared to USD 0.0001 a year ago. For the half year, sales was USD 0 compared to USD 8,879 a year ago. Operating loss was USD 180,046 compared to USD 97,181 a year ago. Net loss was USD 174,767 compared to net income of USD 162,758 a year ago. Basic loss per share from continuing operations was USD 0.0015 compared to basic earnings per share from continuing operations of USD 0.0014 a year ago. Diluted loss per share from continuing operations was USD 0.002 compared to diluted earnings per share from continuing operations of USD 0.001 a year ago.
Verde Resources, Inc. is engaged in the sale of gold minerals, distribution of tetrahydrocannabinol (THC)-free cannabinoid (CBD) products, production and distribution of renewable commodities and real property holding. The Company is involved in the business of gold exploration and mining through Champmark Sdn. Bhd. (CSB), and in the production and distribution of renewable commodities through Verde Resources (Malaysia) Sdn. Bhd. The Company is also engaged in investment opportunities in other non-mining areas, including the bioenergy industry, real properties, and the food and beverage sector. The Companyâs wholly owned subsidiaries also include Verde Resources Asia Pacific Limited, Verde Renewables, Inc., Verde Life Inc., The Wision Project Sdn Bhd and Verde Estates LLC.
VERDE RESOURCES, INC. 
