China Yingxia Q1 Net Income Up
Posted on: Friday, 16 May 2008, 09:00 CDT
China Yingxia International, which develops, manufactures and distributes organic nutritional food products, supplements and personal care products, has reported net income of $0.7 million, or $0.01 per fully diluted share, for first quarter of 2008, a 29.25% increase, compared to net income of $0.55 million for the same quarter of 2007.
Revenue for the first quarter ended March 31, 2008, was $2.1 million, an increase of 27.38% from $1.6 million for the same period in 2007. Net margins increased slightly to 33.7% during the first quarter of 2008 from 33.2% in the same period 2007.
Gross profit for the first quarter of 2008 totaled $1.29 million, up 48.34%, compared with $0.87 million for the same period of 2007. Operating income increased 44.6% to $0.8 million in the first quarter of 2008, representing an operating margin of 37.73%, compared to $0.55 million and 33.24% for the same period of 2007.
Yingxia Jiao, CEO of China Yingxia, said: "During the first quarter 2008 we experienced increase in revenues and net income driven mostly by our ability to increase sales from new product introductions and the opening of 43 additional county level franchisees."
Source: Datamonitor
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