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SunMoon Food narrows losses to $0.5 mil in 1Q

Stanislaus Jude Chan
Stanislaus Jude Chan8/11/2017 07:31 PM GMT+08  • 1 min read
SunMoon Food narrows losses to $0.5 mil in 1Q
SINGAPORE (Aug 11): SunMoon Food Company posts a net loss of $0.5 million for the 1Q ended June, improving from a net loss of $0.9 million a year ago.
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SINGAPORE (Aug 11): SunMoon Food Company posts a net loss of $0.5 million for the 1Q ended June, improving from a net loss of $0.9 million a year ago.

Revenue grew 42% to $6.2 million in 1Q17, from $4.3 million a year ago.

This was mainly due to higher sales to Shanghai YiGuo E-Commence Co., which accounted for 58.9% of total revenue in 1Q17.

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