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ReTo Eco-Solutions, Inc. Announces First Half 2019 Financial Results

Nachrichtenquelle: Business Wire (engl.)
18.10.2019, 22:30  |  300   |   |   

ReTo Eco-Solutions, Inc. (NASDAQ:RETO) (“ReTo” or the “Company”), a manufacturer and distributor of eco-friendly construction materials as well as equipment used for the production of these eco-friendly construction materials, and consultation, design, project implementation and construction of urban ecological environments including those for the purpose of capturing, controlling and reusing rainwater, commonly called “sponge cities”, today announced its financial results for the six months ended June 30, 2019.

First Half 2019 Financial Highlights

 

 

For the Six Months Ended June 30,

($ millions, except per share data)

 

2019

 

 

2018

 

 

% Change

Revenues

 

$

18.51

 

 

$

19.14

 

 

(3.3)%

Gross profit

 

$

4.18

 

 

$

10.41

 

 

(59.8)%

Gross margin

 

 

22.6

%

 

 

54.4

%

 

-31.8 percentage points

Operating (loss) income

 

$

(2.59)

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