Value Exchange International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 07:30 pm
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Value Exchange International, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 180,479 compared to operating Income of USD 114,237 a year ago. Net loss was USD 79,748 compared to net income of USD 172,699 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.01 a year ago. For the half year, operating loss was USD 126,993 compared to operating Income of USD 378,549 a year ago. Net income was USD 56,720 compared to USD 474,417 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.02 a year ago.
Value Exchange International, Inc., formerly Sino Payments, Inc., is a credit card processing and merchant-acquiring services company. The Company provides credit card clearing services to merchants and financial institutions in the People's Republic of China (PRC). It provides Internet protocol (IP) processing services in Asia to bank card-accepting merchants. The Company markets its services to local merchants with regional retail locations across Asia Pacific. The Company, through its subsidiaries, is engaged in providing information technology services and solutions, which consists of select services and solutions in computer software programming and integration, computer systems, Internet and information technology systems engineering, consulting, and administration and maintenance, including e-commerce and payment processing.
VALUE EXCHANGE INTERNATIONAL, INC. 
