Resort Savers, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 04:44 pm EDT
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Resort Savers, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 4.439 million compared to USD 8.089 million a year ago. Operating loss was USD 2.485 million compared to operating Income of USD 84,135 a year ago. Net loss was USD 5.579 million compared to USD 3,761 a year ago. Basic loss per share from continuing operations was USD 0.33. For the half year, sales was USD 5.365 million compared to USD 22.870 million a year ago. Operating loss was USD 2.699 million compared to operating income of USD 486,801 a year ago. Net loss was USD 5.897 million compared to net income of USD 267,728 a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 0.05 a year ago.
Phoenix Rising Companies makes investments and acquisitions into various markets and industries across the world. The Company is principally engaged in the trading of oil, gas and lubricant. The Companyâs subsidiaries include Xing Rui International Investment Holding Group Co., Ltd., Xing Rui International Investment Group Ltd., Huaxin Changrong (Shenzhen) Technology Service Co., Ltd., and Beijing Yandong Tieshan Oil Products Co., Ltd. (Tieshan Oil). Tieshan Oil is engaged acquiring a variety of chemical products and compounds that are extracted and processed from crude oil and hydrocarbons. Its Tieshan Oil acts as an intermediary broker of methyl tert-butyl ether, mineral oil, paraffin oil, petrolatum liquids, alcohol based liquid fuel, trimethylpentane, pentane foamer, natural gasoline, xylene dimethylbenzene, aromatics solvent, and other chemical products and compounds.