Wed, Jan 08, 2020 - Page 12 News List

Record-high revenue last month for Grape King Bio

By Kao Shih-ching  /  Staff reporter

Grape King Bio Ltd (葡萄王) last month saw revenue reach a record high of NT$990 million (US$32.91 million), reversing annual declines in revenue since the previous August and lifting revenue for the whole year to flat from 2018, the company said on Monday.

Sales momentum came from its Taiwanese operations and its direct-sales subsidiary, Pro-Partner Inc (葡眾), with revenue rising 26 percent to NT$50.39 million and 9.5 percent to NT$852.54 million respectively, company data showed.

Local operations’ sales rose thanks to its anniversary sales promotion, the “Double 12” shopping event last month and increasing consumer awareness of its products, the company said.

Probiotics and health foods ranked first in terms of sales generated by its Taiwanese operations, followed by the energy drink Come Best and nutritional supplements that contain turmeric, Grape King communications officer James Chao (趙光正) said by telephone.

Pro-Partner’s sales were buoyed by the launch of new products such as a dried powder containing lactic acid bacteria and health food for pets, Chao said.

Whole-year revenue generated by its Taiwanese operations expanded 32.5 percent from a year earlier to NT$537.76 million, while the direct-sales unit reported a rise of 4.8 percent to NT$7.79 billion, company data showed.

Both are expected to see further growth this year, as Pro-Partner is to launch two products, while the local units would likely cooperate with a Japan-based manufacturer of supplements, API Co Ltd, Chao said.

However, Shanghai Grape King Enterprises Corp (上海葡萄王) reported a drop in revenue for the ninth consecutive month, plunging 41 percent to NT$87.64 million, company data showed.

The unit’s whole-year revenue plummeted 34 percent to NT$910.27 million, Grape King said.

Sales generated by its Chinese operations would likely rebound after March as it expects increasing demand from new clients, it said in a statement.

Grape King’s revenue stood at NT$9.23 billion for the whole of last year, up 0.17 percent from a year earlier.

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