Green Planet Group, Inc. Announces Earnings Results for the Second Quarter Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015
November 18, 2015
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Green Planet Group, Inc. announced earnings results for the second quarter ended September 30, 205. For the period, the company reported revenues were modestly increased by approximately 9% over the previous quarter. Operating losses were $221,000 for the first quarter which was reduced to $109,000 in the second quarter, which is an improvement of $112,000. Overall loss was $170,000 as compared to $283,000 in the prior quarter.
The company expected continue to believe that will be profitable by the end of the current fiscal year.
Green Planet Group, Inc. operates through its subsidiaries. The Companyâs subsidiaries include two operating company and two development stage companies, which include XenTx Lubricants, Inc. (XenTx Lubricants), Automotive Air Quality Improvement Systems, Inc. (AAQIS), Green Mining Technologies, Inc. (Green Mining Technologies), and Healing the Earth, Inc. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. AAQIS, Inc. is engaged in developing a hydrogen generator, which reduces hydrocarbon emissions. Green Mining Technologies is developing restorative technology for placer mine tailings. Healing the Earth, Inc. is engaged in developing a Fast Track growing system that is capable of growing a range of fresh organic food. The Company also specializes in the development and maintenance of a complete and integrated accounting software package for petroleum marketers and offers an assortment of technical solutions to meet their business needs.
Green Planet Group, Inc. Announces Earnings Results for the Second Quarter Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015
GREEN PLANET GROUP, INC. 
