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Genomma Lab International Announces Second Quarter 2009 Results
Date:7/23/2009

MEXICO CITY, July 23 /PRNewswire/ -- Genomma Lab International, S.A.B. de C.V. (BMV: LAB) ("Genomma Lab" or "the Company"), announced today its results for the quarter ended June 30, 2009. All figures included herein were prepared in accordance with Mexican GAAP; figures are stated in nominal Mexican pesos. Also, the following consolidated figures show the Company's Spanish operations reclassified as discontinued operations according to Mexican GAAP.

2Q09 Highlights (vs. 2Q08)

  • Net Sales reached Ps. 985.5 million, an increase of 50.7%.
  • Gross Profit was Ps. 724.8 million, an increase of 46.1%.
  • EBITDA(1) reached Ps. 256.9 million, an increase of 36.5%.
  • Consolidated Net Income of Ps. 122.9 million, an increase of 3.3%.
  • Earnings per Share(2) increased 16.8% to Ps. 1.03.
  • International Net Sales rose to Ps. 130.1 million, an increase of 220.9%.
  • During the second quarter, Genomma Lab successfully launched three products under three existing brands (Base Brands(3) and Prior Year Launches(4)) as part of the line extension strategy.
  • The Company also launched, during the second quarter, six products under six New Brands(5) as part of its new product launch plan.
  • As of June 30, 2009 the Company had a net cash position of Ps. 1,214.4 million.
  • During the second quarter of 2009, the Company acquired the brand of lotions Flor de Naranja Sanborns(MR), the brand of creams Teatrical, the brand of hair coloring Henna Egipcia, and a 99 year license for the use of Sanborns(MR) brands for the acquired brands.
  • Additionally, during the second quarter, the Company acquired the Jockey Club brand of men's personal care products. All of these brands are well-recognized brands in their respective markets and have been very popular among Mexican consumers for severa
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SOURCE Genomma Lab Internacional, S.A.B. de C.V.
Copyright©2009 PR Newswire.
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Related medicine news :

1. Webcast Alert: Genomma Lab Internacional, S.A.B. de C.V. Announces Second Quarter 2009 Results Conference Call
2. Genomma Lab Internacional Acquires Brands Flor de Naranja Sanborns(MR), Teatrical and Henna Egipcia From Grupo Sanborns
3. Genomma Lab Internacional Announces First Quarter 2009 Results
4. Genomma Lab Acquires the Mexican Company Medicinas y Medicamentos Nacionales
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9. Genomma Lab Announces Initiation of Stock Repurchase Fund
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11. Genomma Lab Announces 2009 Earnings Guidance
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