date:Apr 03, 2014
margin was 22.2%, comparing to gross margin of 13.7% in FY 2012
Net income was $166,622, comparing to net loss of $88,016 in FY2012
We are pleased to see that the Company's profitability is improving with strong growth in revenues and efficient management of cost, said Mr. Quanlong Chen, Chairman and Chief Executive Officer of China Fruits Corporation. We recorded operating loss of $30,708 in Fiscal Year 2013, which was a notable improvement from last year's operating loss of $1,030,806. Our gr