QUFU, China, Aug. 19, 2015 /PRNewswire/ -- Sunwin Stevia International, Inc. (OTC: SUWN) ("Sunwin Stevia"), one of the top global suppliers of high quality stevia extracts including Rebaudioside A 98 and Rebaudioside A99, announced today that management forecasts substantial increase in sales of its stevia extracts in 2016 and beyond.
In the 2014 fiscal year ended April 30, 2014, Sunwin Stevia sold approximately 310 metric tons of stevia extracts with approximately $10 million in sale revenues. Sunwin Stevia sold approximately 366 metric tons of stevia products in the fiscal year of 2015, ended April 30, 2015, with approximately $15.2 million in sale revenues, an increase of 54% in sale revenues of stevia extracts compared to the 2014 fiscal year.
In the 2015 fiscal year, Sunwin Stevia sold more high-grade stevia extracts compared to the 2014 fiscal year. Management forecasts sale of its stevia extracts will continue to grow and have at least another increase of 50% in the 2016 fiscal year compared to the 2015 fiscal year. Management sees 50% in annual growth of sales of stevia extracts will continue in years to come.
Ms. Dongdong Lin, CEO of Sunwin Stevia stated, "We are very pleased with substantial growth in sales of our stevia extracts in the past year, as we continue to develop new products for our global clients and expand our market reach worldwide. As sale of our high-grade stevia extracts continues to grow, our gross profit margin is increased substantially. In the past two years, we have invested substantial capital and resources in R&D and production facilities. We are seeing our investment is yielding great results for us in the marketplace. As we continue to increase our usage of newly built production facilities, our profit margin will be substantially expanded in years to come. We plan to expand marketing efforts to South America in addition to the markets of North America, European Union and Asia."
About Sunwin Stevia International, Inc.
Sunwin Stevia International, Inc. (OTC: SUWN) engages in production and distribution of zero calorie, all natural sweeteners (Sunwin Stevia™ Extracts). As an industry leader in high quality stevia production, Sunwin Stevia has built an integrated firm with the farming and production capabilities to meet the needs of consumers throughout the world. For more info about Sunwin Stevia, please visit http://www.sunwininternational.com
Safe Harbor Statement
Sunwin Stevia International, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our ability to return our revenues to historical levels, our dependence on continued market acceptance of our products, competition, our ability to control our raw material costs, risks associated with operating in China, and other risk factors impacting our company, some of which may be beyond our control. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2015.
SOURCE Sunwin Stevia International, Inc.