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China Cord Blood Corporation Reports Financial Results for the Third Quarter and First Nine Months of Fiscal 2013
Date:2/26/2013

n) from RMB100.0 million in the prior year period.  Interest expense increased to RMB48.0 million ($7.7 million) from RMB2.4 million in the prior year period.  The increase was largely attributable to the convertible notes issuance.  Income before income tax grew 9.9% to RMB124.6 million ($20.0 million), from RMB113.4 million in the prior year period.  In light of the absence of the one-time tax benefit recorded during the nine months ended December 31, 2012, net income attributable to the Company decreased to RMB89.4 million ($14.4 million).  Basic and diluted earnings per share attributable to ordinary shares were RMB1.17 ($0.19).  Net cash provided by operating activities in the first nine months of fiscal 2013 was RMB423.6  million ($68.0 million).

"The significant cash flow generated by the increase in new subscriber numbers will enable CCBC to move forward with our expansion plans through both organic growth in our existing markets and seeking new strategic acquisition opportunities," Ms. Zheng further commented.  "Our full equity ownership in our Guangdong subsidiary and increased equity interest in Shandong Cord Blood Blank are evidence of our progress towards increasing our market positioning throughout affluent and high-growth potential regions of China.  These achievements not only reflect our commitment to expand our footprint in China, but also testify to management's abilities of reaching our goals step-by-step."

Ms. Zheng concluded, "We believe that there is much untapped market potential in all the markets we serve, and we are now in the process of expanding our Guangdong facility to meet further demand in this market. With the continuous efforts to widen market exposure through effective marketing tools in order to realize the huge potential within in our existing markets, we are encouraged by the consistently rising market demand from both the Beijing and Guangdong markets, as well as bein
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