Fortune Valley Treasures, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 10:36 am EDT
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Fortune Valley Treasures, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 1.825 million compared to USD 69,176 a year ago. Operating income was USD 558,510 compared to operating loss of USD 98,372 a year ago. Net income was USD 414,475 compared to net loss of USD 87,165 a year ago. For the half year, total revenue was USD 3.469 million compared to USD 91,227 a year ago. Operating income was USD 963,796 compared to operating loss of USD 201,608 a year ago. Net income was USD 719,729 compared to net loss of USD 189,733 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. 
