Zzll Information Technology, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 09:42 pm
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ZZLL Information Technology, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 52,754 compared to USD 41,268 a year ago. Operating loss was USD 200,704 compared to USD 38,551 a year ago. Net loss was USD 214,187 compared to USD 38,180 a year ago. For the half year, sales was USD 203,142 compared to USD 69,729 a year ago. Operating loss was USD 157,376 compared to USD 97,534 a year ago. Net loss was USD 85,738 compared to net income of USD 131,255 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. 
