Shiner International (BEST) Achieves Solid Top, Bottom-line Growth for Q4, FY2010
Shiner International Inc., an emerging global supplier of packaging solutions for food, tobacco and consumer products, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2010. Fiscal 2010 revenues increased 68 percent to $58.2 million as compared to $34.5 million reported for 20009. Net income for the year increased to $4.2 million, or $0.17 per diluted share, as compared to a net loss of $(99,801), or $0.00 per diluted share, for 2009. Gross profit for 2010 was $9.8 million, an increase of 113.54 percent from $4.6 million in 2009. 2010 gross margin was 16.9…