Eu Yan Sang International, the progressive healthcare company with a strong foundation in Traditional Chinese Medicine (TCM), has posted a net profit of $4.8 million for 2QFY2010 ended 31 December 2009, an increase of 36% y-o-y.
The higher net profit was buoyed by a 10% increase in revenue to $58.5 million for 2QFY2010. Gross profit margin maintained at 52%. Without any impairment expenses in 2QFY2010 compared to 2QFY2009, operating profit soared 41% to $5.6 million.
China Hongcheng Holdings, the home textile manufacturer of premium textile products, today says revenue for the first quarter ended 30 September 2010 (1QFY2010) fell 7.8% to RMB 120.6 million ($24.6 million) from RMB 130.8 million in 1QFY2009.
The group’s gross profit decreased from RMB 32.0 million to RMB 24.5 million and gross profit margin decreased from 24.4% to 20.3%. Profit attributable to equity holders decreased from RMB 11.6 million to RMB 6.1 million. Net asset value per share as at 30 September 2009 was RMB 1.54 (30 June 2009: RMB 1.52).
Mainboard-listed Eu Yan Sang International, the progressive healthcare company with a strong foundation in Traditional Chinese Medicine (TCM), says it recorded a net profit of $3.6 million for 1Q2010 ended Sept 30, 2009, an increase of 11% on-year.
The higher net profit came on the back of a 5% increase in revenue to $53.1 million for 1Q2010. Gross profit margin however, dipped about 1% from 54% in 1Q2009 to 53% in 1Q2010, mainly due to product sales mix. Regardless, operating profit improved 9% to $5.1 million.
Van Der Horst Energy says revenue fell 8.9% to $5.27 million in the first quarter ended Aug 31 from $5.78 million in the corresponding period last year as the logistics business saw a reduction in volume as compared to the previous financial period.
The company also posted a 66.4% fall in profit equitable to shareholders to $144,000 from $428,000.
The group’s gross profit margin increased from 32% to 34% due to cost-cutting measures implemented to retain business prospects in view of the ongoing economic recession which has yet to fully recover.
{jcomments on}
Mencast Holdings, the Singapore-based sterngear equipment manufacturer and services provider for vessels, says the group posted revenue of $14 million for 1H09 compared with $13.2 million in 1H08.
Gross profit stood at $7.1 million, up 14.4% from $6.2 million in 1H08. Gross profit margin increased from 47.3% in 1H08 to 50.8% in 1H09. The increase was mainly due to the lower cost of materials like copper alloy and steel in 1H09 as compared to significantly higher prices of the same materials purchased in 1H08.
