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Nutrastar Announces Record 2010 Performance and Revenue Guidance for 2011
Date:3/28/2011

HARBIN, China, March 28, 2011 /PRNewswire-Asia-FirstCall/ --

Financial Highlights for the Year Ended December 31, 2010:

  • Revenues increased 58.1% to $24.2 million
  • Gross profit increased 82% to $19.6 million, a gross margin of 80.9%
  • Net income rose 73.6% to $13.4 million, representing a net margin of 55.5%
  • Basic earnings per share ("EPS") increased to $0.80; Diluted EPS increased to $0.79

  • Nutrastar International Inc. (OTC Bulletin Board: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded Traditional Chinese Medicine ("TCM") consumer products, today announced record financial results for the year ended December 31, 2010 and revenue guidance for the year ending December 31, 2011. For year 2010, revenues and net income both posted an increase of over 50% from year 2009.

    Ms. Lianyun Han, CEO of Nutrastar, commented, "Despite global economic challenges and inflationary pressures, Nutrastar continues to sell at full production capacity and post improved financial results quarter after quarter. Our performance in 2010 has resulted in double digit growth on both the top and bottom line. We hope to see a continuation of this upward trend looking into the remainder of 2011 and in years to come."

    Total revenue generated from sales of Nutrastar's consumer products was $24.24 million, an increase of $8.91 million or 58.1% from approximately $15.33 million for the same period in 2009. The increase was primarily as a result of an increase in demand for the Company's core product, commercially cultivated Cordyceps Militaris ("Chinese Golden Grass"), combined with an increase in the average selling price of approximately 20%.

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    SOURCE Nutrastar International Inc.
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