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Winner Medical Reports Third Quarter Fiscal 2012 Results
Date:8/9/2012

in the same quarter of the previous year. This increase in sales was due to the Company's enhanced sales efforts in the Middle East and Africa markets.

Revenue By ProductsSales generated from medical products increased by 7.8% to $39.0 million in the third quarter of fiscal 2012 from $36.2 million in the third quarter of fiscal 2011. As a percentage of total sales, sales from medical products were 80.9% in the third quarter of fiscal 2012 compared to 87.1% in the same quarter of fiscal 2011.

Sales generated from PurCotton® products increased by 71.9% to $9.2 million in the third quarter of fiscal 2012 from $5.4 million in the third quarter of fiscal 2011. As a percentage of total sales, sales from PurCotton® branded products were 19.1% in the third quarter of fiscal 2012 compared to 12.9% in the same quarter of the previous year.

  • Material supplies of PurCotton® branded jumbo rolls totalled $6.4 million, representing a substantial increase of 59.6% compared to $4.0 million in the third quarter of fiscal 2011. The increase was due to higher demand from China-based existing and new customers who use jumbo rolls for home care and hygienic products.
  • Retail sales of PurCotton® branded consumer products totalled $2.8 million compared to $1.4 million in the third quarter of fiscal 2011. The jump in sales was driven by the opening of more retail stores and improved sales in the Company's existing stores, online sales platforms and mass distribution channels. As of June 30, 2012, the Company operated 44 retail stores throughout China, compared to 37 as of June 30, 2011. PurCotton® consumer products have been receiving positive feedback and gaining brand recognition, as evidenced by increased sales and customer loyalty program memberships.
  • Cost of sales increased by 19.0% to $36.0 million in the third quarter of fiscal 2012 from $30.2 million in the same quarter of the previous fiscal year. The cost of s
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    SOURCE Winner Medical Group Inc.
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