China Food Services (GREY:GDHI)

WEB NEWS

Tuesday, February 15, 2011

Comments & Business Outlook

For the year end of fiscal 2010:

  • Total sales revenues increased to $225,537, an increase of over 825% compared to total revenues of $27,345 for the comparable twelve month period ended December 31st, 2009.
  • Our gross profit reached $56,384 or 250% as compared to a gross profit of $22,697 for the comparable twelve month period ended December 31st, 2009. 
  • Our operations resulted in a net loss for fiscal 2010 of ($271,398), compared to a net loss of ($206,455) for the comparable twelve month period ended December 31st, 2009. 
  • Sales revenue increased as a reflection of a continuing improvement of the overall operations.


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