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China Cord Blood Corporation Reports Financial Results for the Second Quarter and First Half of Fiscal 2014

lf of Fiscal 2014 Highlights

  • Revenues for the first half of fiscal 2014 increased by 10.9% to RMB270.4 million ($44.2 million) from RMB243.8 million in the prior year period.
  • New subscriber sign-up reached 31,188 and accumulated subscriber base expanded to 343,170.
  • Gross profit increased by 13.6% to RMB218.5 million ($35.7 million) from RMB192.3 million in the prior year period.
  • Operating income increased by 11.7% to RMB102.2 million ($16.7 million) from RMB91.4 million in the prior year period.
  • Interest expense amounted to RMB31.2 million ($5.1 million), compared to RMB24.3 million in the prior year period.
  • Net income attributable to the Company's shareholders amounted to RMB57.8 million ($9.4 million), compared to RMB55.8 million in the prior year period.
  • Operating cash flow for the first half of fiscal 2014 was RMB229.6 million ($37.5 million), after taking into account the coupon payment made to the Company's convertible note holders.
  • "We are glad that our second quarter performance continued to track management's expectations with moderate sequential growth in new subscriber numbers, as the overall markets began to transition away from the Dragon year after-effect. During the second quarter, we continued to build brand awareness and emphasize service quality in our business. This aligns with our premium pricing initiative, backed by our AABB accreditation, that began in April this year," stated Ms. Ting Zheng, Chief Executive Officer of China Cord Blood Corporation.

    Summary - The Second Quarter and First Half Ended September 30, 2012 and 2013Three Months Ended September 30,

    Six Months Ended September 30,

    SOURCE China Cord Blood Corporation
    Copyright©2012 PR Newswire.
    All rights reserved

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