Gold Horse International, Inc. (GHII) Reports Results for Fiscal 2010
Gold Horse International, Inc. reported a strong year over year increase in net income for the fiscal year ending 6/30/2010. The company reported net income of $8.3 million, or $5.01 per diluted share, in fiscal 2010. The company earned $6.2 million, or $3.17 per diluted share, in fiscal 2009. Despite the increase in net income, Gold Horse International, Inc., reported a sharp decrease in sales for the fiscal year. The company had sales of $50.9 million in fiscal 2010, compared to $80.9 million in fiscal 2009. Gold Horse International, Inc. said the sharp drop in sales was due mostly to…