Genomma Lab International Announces Second Quarter 20...( MEXICO CITY July 23 /- G...),Health

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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