FinTechFunding

Keytone Dairy: Reports 257pc up on sales forecast from Walmart China

  • Keytone Dairy has received an increased sales forecast from Walmart China for the production of milk powder for Sam’s Club West in 2021
  • Sam’s Club is Walmart’s membership-only store that was founded in 1983 and named after Walmart founder, Sam Walton
  • Then the club has over 50 million global members and 599 stores in the U.S. and 23 in China
  • For the 2021 calendar year, Keytone reported a sales forecast of NZ$7.2M (around A$6.6M) and production will begin in December 2020
  • This represents a 257 per cent increase compared to the NZ$2.8M (around A$2.59M) in sales from the 12 months to September 2020
  • Keytone is up 2.27 per cent and shares are currently trading for 22.5 cents each
Previous article
Razer Fintech: Partners Perx Technologies
Next article
Spiceology: Raises $4.7M in Series A Financing
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...