HQS - earnings biz.yahoo.com
Fourth Quarter 2007 Highlights
-- Sales were $17.7 million, up 46% from the fourth quarter of 2006
-- Gross profit was $8.7 million, an increase of 61.4% from the fourth quarter of 2006
-- Gross profit margin was 49.1%, up from 44.5% in the fourth quarter of 2006
-- Operating income grew 95% year-over-year to $4.8 million
-- EBITDA was $5.1 million, an increase of 84% from the fourth quarter of 2006
-- Net income available to shareholders was $1.76 million, up 100.0% from the fourth quarter of 2006
-- Became the first major tilapia producer in the world certified by the Aquaculture Certification Council ("ACC") as having achieved Best Aquaculture Practices ("BAP")
-- Certified plant HACCP program by the US Department of Commerce, the only Hainan plant to be thus certified
Full Fiscal Year 2007 Highlights
-- Sales were $55.0 million, an increase of 41% from 2006
-- Gross profit was $25.5 million, an increase of 49% from 2006
-- Gross profit margin was 46.5%in 2007, up from 43.9% in 2006
-- Operating Income was $12.9 million, an increase of 82% from 2006
-- EBITDA was $14.1 million, an increase of 75.0% from 2006
-- Net income available to shareholders was $4.5 million, or $0.543 per diluted weighted number of shares, up from $0.9 million, or $0.145 per diluted weighted number of shares, in 2006
-- The Company completed a secondary offering of 3,450,000 shares for net proceeds of $23.8 million in December 2007 |
