AiXin Life International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
June 02, 2023 at 03:58 pm IST
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AiXin Life International, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.177259 million compared to USD 0.030993 million a year ago. Revenue was USD 0.754713 million compared to USD 0.418678 million a year ago.
Net loss was USD 0.529784 million compared to USD 0.752081 million a year ago. Basic loss per share from continuing operations was USD 0.021 compared to USD 0.03 a year ago.
AiXin Life International Inc, formerly Mercari Communications Group Ltd, is a holding company mainly engaged in the provision of health and wellness products. The Company operates its business through four segments, Products, Pharmacies, Hotel, and Manufacture and Sales. The Company mainly develops, manufactures, markets and sells healthcare, nutritional products and wellness supplements, including herbs and greens, traditional Chinese remedies, functional products, such as weight management products, probiotics, foods and drinks. The Companyâs hotel business includes rental of rooms, food and beverage sales and other ancillary goods and services, including but not limited to souvenir, parking and conference reservations. The Company also provide advertising and marketing services.