Fortune Valley Treasures, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 09:21 am EDT
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Fortune Valley Treasures, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 1.644 million compared to USD 22,051 a year ago. Operating income was USD 405,286 compared to operating loss of USD 103,236 a year ago. Net income was USD 305,254 compared to net loss of USD 102,568 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. 
