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Strategies & Market Trends : Greater China Junior Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (1068)	1/6/2006 10:46:07 AM
From: schzammm	Read Replies (1) \| Respond to of 1992

SYUT looks to be doing very well if the numbers can be trusted. biz.yahoo.com stockcharts.com "Synutra Reports Strong First Half, Second Quarter Performance Wednesday November 16, 8:09 am ET Reports First Half EPS of $.07, Second Quarter EPS of $.04 QINGDAO, China and ROCKVILLE, Md., Nov. 16 /Xinhua-PRNewswire/ -- Synutra International, Inc. (OTC Bulletin Board: SYUT - News), one of China's leading suppliers of dairy-based nutritional products for infants, children and adults, reported fiscal first half and second quarter results for the period ended September 30, 2005. The Group's strong operational and financial performance is detailed in its Form 10-Q, which has been filed with the US Securities and Exchange Commission. ADVERTISEMENT Synutra International, Inc. (Synutra) Chairman and Chief Executive Officer Liang Zhang commented, "Our investment in the development, production and marketing of dairy-based and related product lines is generating dramatic growth as we strengthen our capabilities and consumer offering in China's fast-growing market. Taking a larger share of an expanding market, sales almost doubled in our fiscal first half and second quarter, and net income reached some $1.9 million and over $3.6 million in the second quarter and first half respectively. Synutra has now established a firm foundation of profitable operation. In both periods we exceeded our gross margin target of 50% and our cash generation and interest cover underpin Synutra's solid financial position. "While continuing to build on the strength of our existing brand names, we are introducing complementary lines, such as rice cereal products, and improving the skills, reach and management and incentivization of our marketing and sales teams across China. We are committed to providing best- in-class products to our consumers, and as a relatively new public company, we aspire to best practice financial communications and investor relations as well." Fiscal Second Quarter Sales in the second quarter ended September 30, 2005 increased by $12.8 million or 99% to $25.8 million as compared to $13 million for the same three months in 2004. Gross profit was $14.9 million or 58% of sales for the three- month period. Second quarter net income increased by $3.4 million to $1.9 million from a loss of $1.6 million for the same three months in 2004. Synutra earned $.04 per share in the second quarter, versus a loss of $.03 in the prior year's period. Fiscal First Half Sales in the first half ended September 30, 2005, increased by $21 million or 92% to $43.8 million as compared to $22.8 million for the same six months in 2004. Gross profit was $24.4 million or 56% of sales for the first half. First half net income increased by $5.9 million to $3.6 million from a net loss of $2.3 million for the first half of 2004. First half earnings per share were $.07 versus a loss of $.05 in the first half of the prior fiscal year."