SunMoon Food sinks into 3Q loss of $1.3 mil on absence of one-off gain

SINGAPORE (Feb 8): SunMoon Food Company reversed into a 3Q loss of $1.25 million from earnings of $5.3 million a year ago on absence of one-off gain.

Revenue surged to $10.8 million from $1.3 million, mainly due to the increase in sales to Shanghai YiGuo E-Commerce which sources various products globally, including fruit, vegetables, seafood, meat, poultry & eggs, pastries and beverages, and desserts.