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 $3.88 million for the three months ended March 31, 2009, against $2.72 million in the same period last year, an increase of 42.60%.
In the second quarter of fiscal 2009, PurCotton sales of the Company grew steadily. The Company has $1,108,000 in raw material sales in the second quarter of fiscal 2009, an increase of 31.43% compared with last quarter. The PurCotton sales were mainly to customers in China, Japan, and the U.S. At the same time, the Company is in the stage of processing trial orders of PurCotton finished medical products, such as operation room towels and sponges, with customers in North America and Europe.
Winner Medical believes that demand for PurCotton will grow steadily. While it will be necessary to build education levels and cultivate interest in the short term, Winner Medical is confident in its mid- to long-term growth potential and steady progress has been made to expand the sales revenue.
Considering the uncertainties and risks on future market demand and price level due to the economic crisis, the Company lowers its estimate that revenue in fiscal year 2009 will range from $98.33 million to $100.90 million, an increase of 15% to 18% compared to fiscal year of 2008.
Winner Medical senior management will host a confere
|SOURCE Winner Medical Group Inc.|
Copyright©2009 PR Newswire.
All rights reserved