Fortune Valley Treasures, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 06:29 am
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Fortune Valley Treasures, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 156,340 compared to USD 95,578 a year ago. Operating loss was USD 64,226 compared to USD 78,700 a year ago. Net income was USD 3,676 compared to net loss of USD 78,843 a year ago. For the nine months, total revenue was USD 247,567 compared to USD 179,534 a year ago. Operating loss was USD 265,834 compared to USD 323,986 a year ago. Net loss was USD 186,057 compared to USD 321,839 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. 