Verde Resources, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2020
May 20, 2020 at 06:07 am EDT
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Verde Resources, Inc. announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced operating loss was USD 96,858 compared to USD 27,851 a year ago. Net loss was USD 93,472 compared to USD 22,175 a year ago. Basic loss per share from continuing operations was USD 0.001 compared to USD 0.0002 a year ago. Diluted loss per share from continuing operations was USD 0.0008 compared to USD 0.0002 a year ago. For the nine months, operating loss was USD 276,904 compared to USD 125,032 a year ago. Net loss was USD 268,239 compared to net income of USD 140,583 a year ago. Basic loss per share from continuing operations was USD 0.002 compared to basic earnings per share from continuing operations of USD 0.001 a year ago. Diluted loss per share from continuing operations was USD 0.0023 compared to diluted earnings per share from continuing operations of USD 0.0012 a year ago.
Verde Resources, Inc. is engaged in the sale of gold minerals, distribution of tetrahydrocannabinol (THC)-free cannabinoid (CBD) products, production and distribution of renewable commodities and real property holding. The Company is involved in the business of gold exploration and mining through Champmark Sdn. Bhd. (CSB), and in the production and distribution of renewable commodities through Verde Resources (Malaysia) Sdn. Bhd. The Company is also engaged in investment opportunities in other non-mining areas, including the bioenergy industry, real properties, and the food and beverage sector. The Companyâs wholly owned subsidiaries also include Verde Resources Asia Pacific Limited, Verde Renewables, Inc., Verde Life Inc., The Wision Project Sdn Bhd and Verde Estates LLC.
VERDE RESOURCES, INC. 
