SHANGHAI, People’s Republic of China – DTS8 Coffee Company, Ltd., announced today that revenue from its fresh, artisan roasted coffee grew by 16.34%, for the nine months ended January 31, 2015 when compared to January 31, 2014.
Revenue increased to $270,572 compared to $232,562 which is consistent with growth experienced for the year ended April 30, 2014. Cost of sales were $175,890 and $160,326, respectively, and gross profits for the nine months ended January 31, 2015 and 2014, were $94,682 (35% of sales) and $72,236 (31% of sales), respectively.
Losses for the nine months ended January 31, 2015 and 2014 were $540,257 and $749,541, respectively. Further details are contained in the quarterly report filed on Form 10-Q.
Mr. Sean Tan, DTS8 CEO commented, “Our revenue growth has positive traction, as we continue to achieve consecutive quarter over quarter revenue increases. It bodes well for our business model of selling fresh, artisan roasted, gourmet coffee in the growing Chinese coffee market.”
DTS8 Coffee Company, Ltd. (“DTS8”) is a leading purveyor of fresh roasted, gourmet coffee in Shanghai, China. DTS8 roasts, markets and wholesales the “DTS8 Premium”, “Single Origin Premium”, “Don Manuel”, and “Private Label” brands in Shanghai and others cities in China.
DTS8 coffees are sold through distribution channels reaching consumers at restaurants, multi-location coffee shops and offices.
