Latteno Releases Record 2013 Operating Results
Latteno Releases Record 2013 Operating Results
2013 Revenue Tops $15M -- Up From $2.36M in 2012: Operating Profit -- $983K Up From $81K
SANTA ANA, CA--(Marketwired - Mar 18, 2014) - Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that Q4 Operating Results have surpassed expectations fuelled by wholly-owned subsidiary Mekonza's continued shipment growth of its fresh seafood products initiative and from early breakeven operations of MMJ research co-ops Green-Cannabis & Valley Organics.
Revenue for Q4 totaled $4,097,877, bringing 2013 Revenue to $15,100,739; and pre-tax Operating Profits soared to $409,909 and $983,103 for Q4 and 2013 respectively. Full 2013 Financials Statements, together with OTC Disclosure and Legal Opinion will be filed with OTCMarkets as required.
CEO Thu Le commented, "Revenue and Operating Profit for Q4 continue grew at a more than anticipated rate, continuing our amazing year over year increases. Since our initiatives began in Q4 of 2012, we have steadily posted astonishing year over year results. Mekonza continues its exponential growth and we look forward to increased contribution from our recently announced MMJ initiatives planned for Colorado. We have attracted a great amount of interest, particularly with respect to our MMJ initiatives and have received an inordinate amount of inquiries. While we would like to respond to every shareholder inquiry, as required, we are only providing operational and financial updates by way of news release. We look forward to continued growth and exciting developments for 2014."