CHICAGO, Jan. 30, 2013 /PRNewswire/ -- The Female Health Company (NASDAQ-CM: FHCO), which manufactures and markets the FC2 Female Condom, today reported its financial results for the first quarter of FY2013. The Company will host an investor conference call today at 11:00 a.m. Eastern Time to discuss these operating results and other topics of interest (see details below).
"We are pleased with the outstanding results, including record gross profit and operating income, achieved by the Company in the first quarter of our 2013 fiscal year," noted O.B. Parrish , Chairman and Chief Executive Officer of The Female Health Company. "The 13% increase in first quarter unit sales reflects increasing global demand for the FC2 Female Condom. In Fiscal 2012, we expanded our FC2 production capacity in Malaysia by approximately 20% in anticipation of continued growth in demand. We currently have the capability to manufacture approximately 100 million FC2 Female Condoms annually, compared with total shipments of 61.6 million units in the fiscal year ended September 30, 2012."
"We believe the rising demand for FC2 reflects a growing awareness of the dual protection that FC2 provides against both unintended pregnancy and sexually transmitted infections, including HIV/AIDS," continued Parrish. "FC2 makes an important contribution to saving lives and reducing healthcare costs, particularly in light of the fact that HIV/AIDS remains the leading cause of death worldwide among women 15 to 44 years of age."
For the three months ended December 31, 2012, FC2 unit sales increased 12.8% when compared with the first quarter of FY2012, to 17.1 million units, which represents an al
|SOURCE The Female Health Company|
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