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Nutrastar Releases Record Third Quarter 2013 Results
Date:11/13/2013

HARBIN, China, Nov. 13, 2013 /PRNewswire-FirstCall/ -- 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"), health beverages and organic and specialty foods, today announced its financial results for the three and nine months ended September 30, 2013.

Three Months Ended September 30, 2013 Financial Highlights

  • Net revenue increased 44.4% to $10.94 million, up from $7.57 million in the three months ended September 30, 2012.
  • Gross profit increased 46% to $8.78 million, up from $6.01 million in the comparable third quarter 2012
  • Gross margin was 80.3% compared with 79.4% in the third quarter 2012.
  • Net income was $5.78 million, up 54.4% from $3.74 million recorded in Q3 2012.
  • Basic and diluted EPS were $0.36 and $0.34, respectively, with 15.92 million basic and 17.06 million diluted shares outstanding.
  • Nine Months Ended September 30, 2013 Financial Highlights

  • Net revenue increased 23.5% to $30.22 million, compared to $24.47 million in the nine months ended September 30, 2012.
  • Gross profit increased 26.3% to $23.56 million, up from $18.66 million in the comparable 2012 nine month period.
  • Gross margin was 78.0%, compared to 76.3% in the first nine months of 2012.
  • Net income was $15.16 million, up 30.7% from $11.6 million in the nine months ended September 30, 2012.
  • Basic and diluted EPS were $0.94 and $0.89, respectively, with 15.88 million basic and 17.02 million diluted shares outstanding.
  • Management Commentary

    "In the three and nine months ended September 20, 2013, our numbers reflected continued and significant growth in sales, gross profit, and income. Gross margin further improved to 80.3% in
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    SOURCE Nutrastar International Inc.
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