China Animal Healthcare Posts 63.4% Revenue Surge in 1H08
China Animal Healthcare’s revenue for 1H08 increased 63.4% from Rmb103.8m in 1H07 to Rmb169.6m in 1H08. Average selling prices have not fluctuated significantly period-on-period, while demand for the Group’s products has continued to experience strong growth in 2008 as usage of animal drugs has increased across China.
The cost of sales of the Group constituted approximately 24.9% and 23.6% of its revenue in 1H08 and 1H07 respectively.
The main components of its cost of sales include the cost of raw materials and there were no significant increases in the prices of the raw materials in 2Q08.
In line with the sales increase, gross profit surged 60.5% from Rmb79.3m in 1H07 to Rmb127.3m in 1H08.
Source: Business Times