HARBIN, China, Aug 12, 2011 /PRNewswire-Asia-FirstCall/ —
Financial Highlights for the Three Months Ended June
30, 2011:
Revenues increased 40.8% to $7.68 millionGross profit
increased 30.1% to $5.95 million, a gross margin of 77.4%Net
income rose 14.2% to $3.90 million, representing a net margin of
50.8%Basic earnings per share (“EPS”) was $0.26; Diluted EPS
was $0.24
Financial Highlights for the Six Months Ended June 30,
2011:
Revenues increased 31.8% to $13.48 millionGross profit
increased 25.3% to $10.37 million, a gross margin of
77.0%Net income rose 12.6% to $6.91 million, representing a
net margin of 51.3%Basic EPS was $0.46; Diluted EPS was
$0.42
Nutrastar International Inc. (OTCBB: NUIN; “Nutrastar” or the
“Company”), a leading producer and supplier of premium branded
Traditional Chinese Medicine (“TCM”) consumer products, today
announced record financial results for the three and six months
ended June 30, 2011.
Ms. Lianyun Han, CEO of Nutrastar, commented, “We are pleased to
report another successful quarter for Nutrastar and its
shareholders, characterized by marked increases in both top and
bottom line growth and continued expansion of our functional health
beverage product line. Revenue recorded increased roughly 40%
compared to the same 2010 period, indicative of strong and steady
consumer demand for our core product, commercially cultivated
Cordyceps Militaris, and growing demand for our beverages. Launched
late last year, beverage sales increased significantly,
approximately 390%, reaching $1.13 million for the second quarter
of 2011, as compared to $0.23 million recorded in the first quarter
of 2011. Net income rose 14.2% in the second quarter when compared
to the same period of 2010. Overall gross margin for the second
quarter was 77.4%.”</
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