Fortune Valley Treasures, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 04:24 pm
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Fortune Valley Treasures, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 5.005 million compared to USD 275,219 a year ago. Operating loss was USD 3.154 million compared to USD 380,343 a year ago. Net loss was USD 3.255 million compared to USD 377,756 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Fortune Valley Treasures Inc is a Canada-based company engaged in alcohol distribution business sector. The Company through its subsidiaries, engages in the business of retail and wholesale of a wide spectrum of wine products in China and Hong Kong. It offers a variety of wine products, including dry red wine, dry white wine, rose wine, sweet wine and more. The Company sells about 40 kinds of different brands of wine, most of which are imported from France and Spain. Its product portfolio is comprised of wines relevant particularly to Chinese customers, such as Le Petit Tour, Los Beceux, Sorlada, Lapso, Saint Martin, Seguelongue and Saint Emilion.
FORTUNE VALLEY TREASURES, INC. 