Sunwin Stevia International ("Sunwin Stevia"), one of the top global suppliers of high quality stevia extracts including Rebaudioside A98 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."