Renavotio, Inc.: Renavotio Announces 2020 Annual Results
Possible Increased Business Pipeline - Potential Revenue Over the Next 12 Months
TULSA, OK / ACCESSWIRE / April 15, 2021 / Renavotio, Inc. (OTCQB:RIII) (the "Company"), a holding company focused on infrastructure opportunities including personal protective equipment, 5G, utility construction, utility management, IoT, water, waste management technology, and related industries, today announced the Company's financial results for the year ended December 31, 2020.
Key Financial Highlights for 2020
Revenue of $4.1 million, of which $2.1 million was generated in the fourth quarter
Gross profit of $0.7 million
Key Business Highlights for 2020
Successfully merged into publicly-traded entity and listed onto OTCQB
Acquired Renavotio Infratech, Inc.
Through Renavotio Infratech, acquired Utility Management Corp and its subsidiaries, Utility Management & Construction, LLC and Cross-Bo Construction, LLC