Winner Medical Group (WWIN) Reports Preliminary Fourth Quarter Results
Yesterday, Winner Medical Group Inc., a China-based exporter and retailer of high-quality medical dressings and consumer products, reported preliminary unaudited consolidated financial results for the fourth quarter that ended on September 30th, 2011. These selected results are unaudited and subject to change. Compared to last year’s results, Winner’s revenues increased by 46.7% to $41.4 million. Gross profit increased by 21.2% to $10.7 million, up from $8.8 million in the same period of the prior fiscal year. Additionally, gross margin decreased to 25.8% and net income decreased by 14.5% to $2.7 million. Basic and diluted net income-per-share were both $0.11 for…