Value Exchange International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 08:48 pm IST
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Value Exchange International, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 105,144 compared to USD 180,479 a year ago. Net loss was USD 50,887 compared to USD 79,748 a year ago. For the half year, operating income was USD 200,237 compared to operating loss of USD 126,993 a year ago. Net income was USD 325,724 compared to USD 56,720 a year ago. Basic earnings per share from continuing operations was USD 0.01.
Value Exchange International, Inc., formerly Sino Payments, Inc., is a credit card processing and merchant-acquiring services company. The Company provides credit card clearing services to merchants and financial institutions in the People's Republic of China (PRC). It provides Internet protocol (IP) processing services in Asia to bank card-accepting merchants. The Company markets its services to local merchants with regional retail locations across Asia Pacific. The Company, through its subsidiaries, is engaged in providing information technology services and solutions, which consists of select services and solutions in computer software programming and integration, computer systems, Internet and information technology systems engineering, consulting, and administration and maintenance, including e-commerce and payment processing.