Europe - Revenue from European customers was approximately $11.10 million for the first quarter of fiscal 2009, an increase of 24.57% compared to the same period last year. Europe accounted for 43.15% of total revenue for the first quarter of fiscal 2009, respectively. The Company has adopted the same strategy in Europe as it has in the North and South America: gradually shifting resources and services to focus on the larger-sized customer segment. As a result, it expects revenue from these larger customers to increase in the future.
Medical care, Wound care and Home care products in China
Winner Medical has gradually refined its domestic sales strategies by reducing raw material sales in China and expanding sales of finished products in the domestic market. As a result, sales revenue from China was $2.6 million for the three months ended December 31, 2008, against $2.62 million in the same period last year.
In the first quarter of fiscal 2009, PurCotton(TM) sales of the Company grew steadily. The Company has $843,000 in raw material sales in the first quarter of fiscal 2009, which was mainly to customers in Japan, the U.S., and China. At the same time, the Company is in the stage of processing small scale trial orders of PurCotton(TM) finished medical products, such as operation room towel and sponges, with customers in North America and Europe.
During the quarter, Winner Medical obtained the patent for PurCotton(TM) in the European Patent Office and has now obtained patents for PurCotton(TM) products in countries including China, the U.S., Russia, Singapore, South Africa, and 34 Member states of the European Patent Office.
Winner Medical belie
|SOURCE Winner Medical Group Inc.|
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