Nutrastar International, Inc. (NUIN) Posts Full-year 2011 Financial Results, Achieves Record Sales
Nutrastar International, a leading producer and supplier of premium branded consumer products, functional health beverages, and organic and specialty foods, today announced its results for the year ended December 31, 2011. Revenues increased 41.1 percent to $34.21 million compared to $24.24 million in the year ended December 31, 2010. Gross profit increased 32.4 percent to $25.96 million, up from $19.6 million in the comparable 2010 year, representing a gross margin of 75.9 percent. Net income rose 26.3 percent to $17.00 million, or basic and diluted earnings per share of $1.12 and $1.04, respectively, up from $13.44 million reported for full…