AiXin Life International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 10:23 am EDT
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AiXin Life International, 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 0.063723 million. Revenue was USD 0.420887 million compared to USD 0.852768 million a year ago. Net loss was USD 0.728269 million compared to net income of USD 0.246685 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 0.094716 million. Revenue was USD 0.839565 million compared to USD 1.55 million a year ago. Net loss was USD 1.48 million compared to net income of USD 0.468387 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.018 a year ago.
AiXin Life International Inc, formerly Mercari Communications Group Ltd, is a holding company mainly engaged in the provision of health and wellness products. The Company operates its business through four segments, Products, Pharmacies, Hotel, and Manufacture and Sales. The Company mainly develops, manufactures, markets and sells healthcare, nutritional products and wellness supplements, including herbs and greens, traditional Chinese remedies, functional products, such as weight management products, probiotics, foods and drinks. The Companyâs hotel business includes rental of rooms, food and beverage sales and other ancillary goods and services, including but not limited to souvenir, parking and conference reservations. The Company also provide advertising and marketing services.