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BY-Health expects H1 net profit to surge 110%

Jun. 26, 2012 (China Knowledge) - BY-Health Co Ltd<300146>, which is mainly engaged in the R&D, production and distribution of nutrition supplements, announced today that it expected its net profit for the first half of this year to grow between 90% and 110% YoY, driven by a significant increase in sales revenue.

The company said in a statement that its net profit was estimated at RMB 170 million to RMB 188 million.

In the first quarter of this year, the company's net profit was RMB 106.95 million, up 161.10% from the same period of last year. Basic earnings per share were RMB 0.49 during the period.

Core business revenue soared 114.64% YoY to RMB 574.7 million in the first three months of this year.

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