Home / Knowledge / News / Textiles / Winner Medical reports 15.1% revenue growth
Winner Medical reports 15.1% revenue growth
08
Dec '09
Winner Medical Group Inc. a manufacturer of medical dressings, medical disposables and non-woven PurCotton materials for the medical and consumer products industries, today reported consolidated financial results for the fourth quarter and full fiscal year ended September 30, 2009.

Fourth Quarter 2009 Highlights

• Revenue increased by 9.7% over the Q4 FY08 to $27.7 million
• Gross profit increased by 24.9% over Q4 FY08 to $8.4 million
• Operating income increased by 80.2% over Q4 FY08 to $3.9 million
• Net income increased by 84.4% over Q4 FY08 to $3.0 million
• Net income per diluted share of $0.13 vs. $0.07 in Q4 of fiscal 2008, representing an 85.7% increase

Full Fiscal Year 2009 Highlights

• Revenue increased by 15.1% year-over-year to $98.4 million
• Gross profit increased 30.5% YOY to $27.94 million
• Operating income increased 89.8% YOY to $11.4 million
• Net income increased 80.2% YOY to $9.1 million
• Net income per diluted share was $0.41 vs. $0.23 in 2008

Jianquan Li, Chairman and Chief Executive Officer of Winner Medical, commented, "We were pleased with our results despite a challenging global environment, as we were able to grow our business and enhance our production efficiencies while implementing stringent cost controls, thus enabling us to improve our margins and profitability. We were able to meet our revenue goals through strong organic growth in the Chinese market and the successful launch of PurCotton, as well as maintaining market share for our traditional export products."

"For fiscal 2010, we have established four strategic priorities to drive revenue and earnings growth while sustaining our balance sheet. First, we will further expand PurCotton's production capacity, while developing our own line of finished PurCotton products, including medical and consumer products, such as operating room towels, sponges and surgical gowns, wipes, baby products, feminine products and other hygiene products. Second, by leveraging the China Medical Reform, we plan to penetrate into the domestic market through hospitals, local distributors, and over-the-counter drugstore chains. Third, we will deepen our relationships with our major US, European and Japanese customers while rationalizing our product portfolio to maintain stable order growth. Fourth, we will implement further stringent cost control measures to optimize production efficiency and reduce controllable expenses," Mr. Li concluded.

Click here for more details.

Winner Medical Group Inc


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search