ZZLL Information Technology, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 20, 2019 at 11:02 am EDT
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ZZLL Information Technology, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was USD 28,907 compared to USD 268 a year ago. Operating loss was USD 59,253 compared to USD 56,034 a year ago. Net income was USD 169,178 compared to USD 82,490 a year ago. Basic earnings per share from continuing operations was USD 0.0083 compared to USD 0.0042 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.