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China Yingxia International's Q4 Sales Up

Posted on: Monday, 31 March 2008, 09:00 CDT

China Yingxia International, which develops, manufactures and distributes organic nutritional food products, supplements, and personal care products, has reported sales of $5.53 million for the fourth quarter ended December 31, 2007, a 78.31% increase compared to $3.09 million recorded in the same period of 2006.

Gross profit rose 89.74% to $2.76 million from $1.45 million in the same period of 2006. Net income for the fourth quarter of 2007 increased to $1.39 million from $1.24 million in the same period in 2006.

For the year ended December 31, 2007, sales rose 89.39% to $15.91 million, from $8.40 million in 2006. The company achieved a gross profit of $9.14 million in 2007 compared to $4.57 million in 2006, representing a 100.17% increase year-over-year.

Net income for 2007 was $6.12 million, compared to $5.34 million for 2006. Diluted earnings per common share were $0.15, compared to $0.33 in 2006.

Yingxia Jiao, chairwoman and CEO of China Yingxia International, said: "Our very strong revenue growth was driven by an expanded number of nutritional foods, health supplements, and personal care products provided by our suppliers, as well as our ability to increase our number of active franchisees."

Source: Datamonitor

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