Oranco, Inc. (OTC: ORNC), a premium alcohol wholesaler in China, announced today its unaudited financial results for the first quarter ended September 30, 2018.
Mr. Peng Yang, President of Oranco, Inc., commented, We are pleased to announce our financial results for the first quarter of 2018. We have achieved an increase in sales volume of our Chinese liquor products and our high-margin imported wine products. We have also achieved an increase in our revenues, net income, and gross margin. We will continue developing creative alcoholic concepts and packaging in the coming quarters. We also expect to increase our marketing efforts and adopt technological innovations to better guarantee the authenticity of our premium products. We believe that our capability in product distribution, our product quality, and our marketing efforts will drive further growth as we continue providing uniquely designed liquor products tailored for a variety of demographic and cultural groups in China. First Quarter 2018 Financial Highlights For the Three Months Ended September 30, *Notes: pp represents percentage points …
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Source: US SEC
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