Sunset Island Group, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2018
November 12, 2019 at 07:07 am EST
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Sunset Island Group, Inc. announced earnings results for the second quarter ended April 30, 2018. For the second quarter, the company announced operating loss was USD 463,939 compared to USD 113,422 a year ago. Net loss was USD 847,018 compared to USD 113,422 a year ago. Basic loss per share was USD 0.16 compared to Basic EPS of USD 0 a year ago. Basic loss per share from continuing operations was USD 0.16 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the half year, operating loss was USD 779,722 compared to USD 114,402 a year ago. Net loss was USD 1.177 million compared to USD 114,402 a year ago. Basic loss per share was USD 0.22 compared to Basic EPS of USD 0 a year ago. Basic loss per share from continuing operations was USD 0.22 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Sunset Island Group, Inc. operates its cannabis growing, cultivation, manufacturing and distribution business through its subsidiary VBF Brands. The Company grows its own cannabis plants through its cannabis cultivation licence. The Company also sells clones through its nursery licence. The material grown and harvested from its cultivation operations are either packaged and sold through the Companyâs distribution licence (via VBF) or processed through its manufacturing licence (via VBF), which is later sold through its distribution licence (via VBF). This allows the Company to sell products it manufactures, as well as products manufactured by third parties.
SUNSET ISLAND GROUP, INC. 
