Nutrastar International, Inc. (NUIN.OB) First Quarter Report Shows Strong Financial Fundamentals
Nutrastar International Inc.,www.syxny.net, a nutraceutical firm that controls 19% of China’s engineered Chinese Golden Grass market and specializes in the rapidly growing organic and health food market, distributing its many goods via a distribution network spanning 10 provinces, detailed its 1Q FY10 (ending March 31) results today. Strong demand, as the Chinese health kick continues unabated for the Company’s well known brand of products, led to growth in both revenue and net income: • Revenue up 2.7% (compared with 1Q 09) to $4.77M • Gross Margin up 15.7% to 77.9% • Operating Profit up 25.9% to $3.11M • Net Income…