Advanced Oxygen Technologies, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
January 28, 2020 at 12:24 am IST
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Advanced Oxygen Technologies, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced total revenue was USD 9,281 compared to USD 9,488 a year ago. Operating income was USD 2,823 compared to USD 5,673 a year ago. Net income was USD 183 compared to USD 2,774 a year ago. For the half year, total revenue was USD 18,610 compared to USD 19,161 a year ago. Operating loss was USD 110,063 compared to operating Income of USD 7,485 a year ago. Net loss was USD 115,363 compared to net income of USD 5,463 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Advanced Oxygen Technologies, Inc. operates through its wholly owned subsidiaries, Anton Nielsen Vojens, ApS (ANV), Sharx Inc. and Sharx DK ApS (Sharx). The Companyâs segments include ANV lease and Sharxâs. The ANV lease segment which leases land in Denmark by long term leases. The Sharxâs segment which generate commissions for the sale cargo security products. ANV is a Danish company, which owns commercial real estate in Vojens, Denmark. Sharx Inc. is a Wyoming corporation, and its operations are derived from its wholly owned subsidiary Sharx DK ApS. Sharx DK ApS is a Danish company, which is a distributor of products for Cleaver ApS, a Danish corporation (Cleaver). Cleaver is a manufacturer of a line of products for the logistics and cargo industry.
ADVANCED OXYGEN TECHNOLOGIES, INC. 
