Yesterday, Winner Medical reported fiscal first quarter 2010 revenue that increased 15.8% year-over-year to close over $29.8 million and diluted earnings per share that increased 142.9% to $0.17. While these numbers would be impressive at any time, they stand out even stronger when one considers the current state of the global economy.
First quarter gross margins for FY2010 also increased from 25.7% in the first quarter of 2009 to 31.7% in the same quarter of the current year. Gross profit increased from $6.6 million to $9.4 million, a 42.8% increase.
One of the major reasons for the Winner Medical’s stellar improvement in the marketplace is Jianquan Li who serves as the CEO and Chairman of the young company. Li is a renowned name in the medical dressing industry and has led the way to Winner Medical becoming one of the few Chinese companies that is licensed by the U.S. Food and Drug Administration to ship finished, sterilized products directly to the United States market.
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