Oriental Culture Holding LTD Announces 2021 Fiscal Year Financial Results
HONG KONG, May 2, 2022 /PRNewswire/ -- Oriental Culture Holding LTD. ("OCG" or the "Company") (NASDAQ:OCG), a leading online provider of collectibles and artwork e-commerce services, today announced its financial results for the fiscal year ended December 31, 2021.
Key Financial Highlights for Fiscal Year 2021:
Operating revenues increased by $20.2 million or 115.6% from $17.4 million in fiscal year 2020 to $37.6 million in fiscal year 2021.Gross profit was $35.2 million in 2021 as compared to $14.8 million in 2020, representing a 137.7% growth from the same period in 2020.Net income reached $11.4 million in 2021, an increase of 458.8% or $9.4 million from $2.0 million over the same period o
