Green Planet Group Reports Second Quarter Financial Results

TEMPE, AZ – (November 16, 2018) – Green Planet Group, Inc. (GNPG), an emerging leader in green technology, has filed financial statements for the six month period ending September 30, 2018. The Company’s six month financial results can be summarized as follows:

Revenues, although still modest, were $134,752, increasing $68,731 from the same quarter last year, an improvement of 104%.

Gross Profit increased to $72,788, which represents an increase of $28,796 from the prior period and a $50,253 improvement from the same quarter last year.

The Company continued its Research and Development programs by investing $24,675 in this past quarter.

Total Assets increased to approximately $9.0 million from $8.8 million, and Total Liabilities were reduced from $12.2 million to $11.5 million from the same quarter last year.

Net Loss for the quarter was $129,307, which was slightly better than the same quarter from the prior year.

The Company’s reduction in Total Liabilities was primarily due to its largest shareholder’s conversion of their Convertible Debenture into equity.

To view the complete filing, use the following link: