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Farmmi Reports Fiscal Year 2020 Financial Results
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Achieves Fiscal Year 2020 Net Income Per Diluted Share of $0.05 Compared to a Net Loss of $0.03 Per Diluted Share for Fiscal Year 2019
Continues to Grow Customer Base with Another Customer Now Accounting for More than 10% of Revenue
LISHUI, China, Jan. 29, 2021 /PRNewswire/ Farmmi, Inc. ( Farmmi or the Company ) (NASDAQ: FAMI), an agriculture products supplier in China, today announced its financial results for the twelve months ended September 30, 2020.
Ms. Yefang Zhang, Chairwoman and CEO of the Company stated, We are pleased with our team s business development success in a challenging year, as we achieved positive net income for the year ended September 30, 2020 compared to a net loss last year. By working closely with our customers and supply chain, we tried to reduce the impact of the widespread COVID-19 closures and ongoing business disruptions. This was