Tingo, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 22, 2022 at 04:16 pm EDT
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Tingo, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 268.68 million compared to USD 100.73 million a year ago. Net income was USD 72.54 million compared to USD 34.74 million a year ago. Basic earnings per share from continuing operations was USD 0.06. Diluted earnings per share from continuing operations was USD 0.06.
For the six months, sales was USD 525.74 million compared to USD 145.97 million a year ago. Net income was USD 105.18 million compared to USD 62.4 million a year ago. Basic earnings per share from continuing operations was USD 0.08. Diluted earnings per share from continuing operations was USD 0.08.
Agri-Fintech Holdings, Inc., formerly Tingo, Inc., is an agri-fintech company. It offers a platform service through the use of smartphones-device as a service (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities of growing and selling their production to market participants both domestically and internationally. The ecosystem provides a one-stop shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, and access to insurance services and microfinance to support their value chain from seed to sale.
AGRI-FINTECH HOLDINGS, INC. 
