Fortune Valley Treasures, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 04:47 pm EDT
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Fortune Valley Treasures, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 69,176 compared to USD 41,936 a year ago. Operating loss was USD 98,372 compared to USD 211,159 a year ago. Net loss was USD 87,165 compared to USD 210,068 a year ago. For the half year, total revenue was USD 91,227 compared to USD 83,956 a year ago. Operating loss was USD 201,608 compared to USD 245,286 a year ago. Net loss was USD 189,733 compared to USD 242,996 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. 
