Winner Medical Announces Results
Winner Medical Group has trotted out results of operations for the third quarter ended June 30, 2009. Total net sales revenue increased by 5.56% compared to the third quarter of fiscal 2008 to $24.36 million. Profitability climbed 20.12% over the third quarter of fiscal 2008 to $7.18 million. Operating income climbed 72.93% from the same period a year ago. Net income shot up 76.4% over the third quarter to $3.06 million. According to Jianqua Li, chairman/ceo of Winner Medical, the huge improvement in gross margin and net margin is the result of the company’s implementation of cost control measures, such as lean production and equipment technical improvements. In addition, the company’s PurCotton products reached the break-even point and starting making profit during June, according to Mr. Li.