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Nutrastar International Inc. Announces Second Quarter 2014 Results
Date:8/13/2014

HARBIN, China, Aug. 13, 2014 /PRNewswire/ -- Nutrastar International Inc. (OTCQB: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded consumer products, including commercially cultivated Cordyceps Militaris ("Cordyceps"), functional health beverages and organic and specialty foods, today announced its results for the three months and six months ended June 30, 2014.

Financial Highlights for the Three Months Ended June 30, 2014 
 

  • Net revenue was $13.0 million, representing an increase of $1.13 million or 9.5% from $11.87 million in the comparable 2013 three month period.
  • Gross profit was $10.05 million, representing a gross margin of 77.3%.
  • Net income was $6.80 million, representing a net margin of 52.2%.
  • Basic and diluted EPS were $0.40 and $0.38, respectively, with 16.86 million basic shares and 17.69 million diluted shares outstanding.
  • Financial Highlights for the Six Months Ended June 30, 2014 
 

  • Net revenue was $19.87 million, representing an increase of $0.59 million or 3% from $19.29 million in the comparable 2013 six month period.
  • Gross profit was $15.29 million, representing a gross margin of 76.9%.
  • Net income was $10.03 million, representing a net margin of 50.4%.
  • Basic and diluted EPS were $0.59 and $0.57, respectively, with 16.76 million basic shares and 17.66 million diluted shares outstanding.
  • Management Commentary

    Ms. Lianyun Han, CEO of Nutrastar, commented, "Our entire consumer product portfolio performed in line with expectations in the three month period ended June 30, 2014. Sales of our core premium consumer product Cordyceps came in at an impressive $10.69 million, up 21.5% year-over-year. This included approximately $1.0 million in sales of our new Cordyceps powder solution product, which was initia
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    SOURCE Nutrastar International Inc.
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