Kreido Biofuels, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 06:21 am EST
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Kreido Biofuels, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was USD 0.425406 million compared to USD 0.005264 million a year ago. Basic loss per share from continuing operations was USD 0.22.
For the nine months, net loss was USD 0.427443 million compared to USD 0.010307 million a year ago. Basic loss per share from continuing operations was USD 0.21.
Namliong SkyCosmos Inc, formerly Kreido Biofuels, Inc, is a Taiwan-based company mainly engaged in providing renewable energy through its process intensification technology, the spinning-tube-in-tube (STT). The STT chemical process intensification system provides solutions to many of the manufacturing issues related to the production of chemicals. The Company has developed production units to manufacture biodiesel fuel based upon its STT technology. Its offerings include STT 30G biodiesel production unit, which is a complete, pipe-to-pipe biodiesel production system. In addition to its STT 30G, it also offers STT Reactor Systems and related plant engineering services for partnerships.
NAMLIONG SKYCOSMOS, INC. 
