GREY:CHLBF - Post by User
Comment by
TheRock07on Jun 30, 2011 6:48am
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Post# 18783323
RE: China Health Labs earns $1.22-million in Q1
RE: China Health Labs earns $1.22-million in Q1These were not only good results but outstanding results and point towards substantial increases in the 2011 net earnings.
Main points..........
.....................despite Q1 being the weakest quarter, CHO grew revenues by 52 % to $6.8 million
...........•Profit grew by 283 per cent to $1,224,000 (
.02 /share ) in the first quarter of 2011 compared with the first quarter of 2010
...........•Sales of point-of-care technology (POCT) solutions more than doubled.
•...........Sales of food safety lab equipment increased.
...........installed 200 BK Clinlab rural total lab solutions in Jilin province, increasing the total installed BK Clinlabs to 410 locations in four Chinese provinces.
................The company has entered 2011 well positioned for further growth and with sufficient capital to expand its business for rural total lab solutions, POCT lab solutions and food safety lab solutions, including the 587 locations to be installed in Jilin province. All of these will be installed this year.
In 2010, revenues for the first quarter accounted for approximately 13 per cent of total annual revenues of $33,751,000.
Using this statistic, revenues for 2011 should be about $53 million which would generate net earnings at or above the
.20 /share level.
That means a fair value above $2........................................superb BUY