Fortune Valley Treasures, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 15, 2019 at 02:14 am IST
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Fortune Valley Treasures, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 95,578 compared to USD 45,454 a year ago. Operating loss was USD 78,700 compared to USD 38,830 a year ago. Net loss was USD 78,843 compared to USD 36,067 a year ago. For the nine months, total revenue was USD 179,534 compared to USD 73,427 a year ago. Operating loss was USD 323,986 compared to USD 201,871 a year ago. Net loss was USD 321,839 compared to USD 197,633 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. 
