Zzll Information Technology, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 07:51 am EST
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ZZLL Information Technology, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 278,988 compared to USD 291,257 a year ago. Operating income was USD 42,851 compared to USD 176,772 a year ago. Net income was USD 28,068 compared to USD 179,333 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.0088 a year ago. For the nine months, sales was USD 482,130 compared to USD 359,325 a year ago. Operating loss was USD 114,525 compared to operating Income of USD 79,266 a year ago. Net loss was USD 57,670 compared to net income of USD 310,595 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.0153 a year ago.
ZZLL Information Technology, Inc., formerly Green Standard Technologies, Inc., operates through its subsidiaries, including Olive Oils Direct International, Inc. (OODI), Syndicore Asia Limited (SAL) and Green Standard Technologies Enterprises, Inc. (GSTEI). OODI is a development-stage company that plans to develop and operate a retail Internet Website specializing in gourmet Italian food products. OODI is developing an e-commerce Website, www.OliveOilsDirect.com, to sell products inventoried by OliveOilsDirect.com and products offered by other retailers. SAL is an online media company that syndicates professional sports video in a cloud-based, multimedia conduit for content creators, news outlets and brands. The Company's second line of business is carried out by GSTEI, which is in the medical and recreation marijuana industry.
ZZLL INFORMATION TECHNOLOGY, INC. 
