Posted On: 05/29/2012 9:37:02 AM
Post# of 145123
CHRI News .028 CHINA HEALTH RESOURCE CL A
Symbol U : CHRI
Recent Sedar Documents
China Health Resource Reports on Record Year-End 2011 Results Continuing Strong in 2012
2012-05-29 07:00 ET - News Release
2011 Record Breaking Sales and Earnings
Strong Start to 2012
-- Revenues in 2011 increased 234% year-over-year and Net Income increased 157% to $6.97 million, or $0.04 per share for 2011
-- Revenues for the 1st Quarter of 2012 increased to $8.95 million, an increase of 104% over the same period in 2011
SICHUAN, China, May 29, 2012 /PRNewswire-Asia/ -- China Health Resource, Inc. (OTCBB: CHRI), today announced results of earnings for the year ended December 31, 2011 and the first quarter of 2012.
Revenues for the year ended December 31, 2011 were US $34,338,974, an increase of 234% over revenues of US $10,282,207 for 2010. For 2011 net income was $6,971,460, or $0.04 per fully diluted common share, compared with a net income of $2,707,286, or $0.02 per share, for the previous year (total shares over 176 million).
First quarter 2012 revenues increased 104% to $8,955,361 as compared to $ 4,378,311 for the 1st quarter of 2011. Net income also increased to $1,322,518 for the first quarter 2012, compared to $911,461 for the first quarter of 2011, a 45% increase.
The growth is attributed to expansion of the Traditional Chinese Medicine (TCM) product lines particularly its premier TCM herbs such as Gastrodiae ("TianMa") and improvements in sales channel management for markets outside of the Sichuan Province combined with consistent cost controls.
Symbol U : CHRI
Recent Sedar Documents
China Health Resource Reports on Record Year-End 2011 Results Continuing Strong in 2012
2012-05-29 07:00 ET - News Release
2011 Record Breaking Sales and Earnings
Strong Start to 2012
-- Revenues in 2011 increased 234% year-over-year and Net Income increased 157% to $6.97 million, or $0.04 per share for 2011
-- Revenues for the 1st Quarter of 2012 increased to $8.95 million, an increase of 104% over the same period in 2011
SICHUAN, China, May 29, 2012 /PRNewswire-Asia/ -- China Health Resource, Inc. (OTCBB: CHRI), today announced results of earnings for the year ended December 31, 2011 and the first quarter of 2012.
Revenues for the year ended December 31, 2011 were US $34,338,974, an increase of 234% over revenues of US $10,282,207 for 2010. For 2011 net income was $6,971,460, or $0.04 per fully diluted common share, compared with a net income of $2,707,286, or $0.02 per share, for the previous year (total shares over 176 million).
First quarter 2012 revenues increased 104% to $8,955,361 as compared to $ 4,378,311 for the 1st quarter of 2011. Net income also increased to $1,322,518 for the first quarter 2012, compared to $911,461 for the first quarter of 2011, a 45% increase.
The growth is attributed to expansion of the Traditional Chinese Medicine (TCM) product lines particularly its premier TCM herbs such as Gastrodiae ("TianMa") and improvements in sales channel management for markets outside of the Sichuan Province combined with consistent cost controls.
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