Fortune Valley Treasures, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 20, 2019 at 01:46 am IST
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Fortune Valley Treasures, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 41,936 compared to USD 14,226 a year ago. Operating loss was USD 211,159 compared to USD 66,119 a year ago. Net loss was USD 210,068 compared to USD 64,644 a year ago. For the half year, total revenue was USD 83,956 compared to USD 27,973 a year ago. Operating loss was USD 245,286 compared to USD 163,041 a year ago. Net loss was USD 242,996 compared to USD 161,566 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. 
