IT Tech Packaging, Inc. Announces First Quarter 2020 Unaudited Financial Results

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IT Tech Packaging (ITP) Reports Q1 Loss of $0.11

May 14, 2020 4:32 PM EDT

IT Tech Packaging (NYSE: ITP) reported Q1 EPS of ($0.11), versus ($0.12) reported last year. Revenue for the quarter came in at $8.74 million, versus $17.45 million reported last year.

Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented, "As we had expected, our financial results of the first quarter 2020 recorded some decreases versus the same period of last year mainly as our production was... More