China Yingxia, Inc. (CYXI.OB) Quarterly Revenues Double
QualityStocks (November 17th, 2008) Writes:
China Yingxia International, Inc., provider of nutritional food products and supplements primarily for the Chinese market, announced a doubling of revenues for the third quarter ending September 30. Revenue shot up to $7.5 million, a staggering 112% from the same quarter last year, while net income jumped 88%, to $3.2 million. The increase is due largely to the growth in nutritional foods, an expanding area of focus for the company. China Yingxia expanded its sales channels during the third quarter of 2008, adding 146 new franchise stores.
China Yingxia founder and CEO, Ms. Yingxia Jiao, commented on the good news. “Our sales in the third quarter of 2008 more than doubled from the third quarter last year, supported by strong performance of our nutritional food segment. We have continued to shift our product mix towards nutritional food products, and were pleased to see growth more than triple in this product segment
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