Man Shing Agricultural Holdings, Inc., through its operating subsidiary in Shandong China, is focused on the production and processing of fresh ginger and other select vegetables such as onion and garlic. The Company produces high quality ginger which meets the requirements of the British Retail Consortium Global Food Standard. The Company focuses on customers located in countries such as Japan and the European Union which are food safety oriented. For further information about Man Shing Agricultural Holdings, Inc., please visit the Company's website at http://www.msaginger.com/
Financial results for the third quarter ended March 31, 2012
Financial results for the nine months ended March 31, 2012
Full Press Release
Financial results for the third quarter ended March 31, 2012
---------------------------------------------------------------------------- Third Fiscal Quarter 2012 (USD) (unaudited) ---------------------------------------------------------------------------- Three Months Ended March 31, 2012 2011 CHANGE ---------------------------------------------------------------------------- Revenue $9.3 million $8 million +17.3% ---------------------------------------------------------------------------- Gross Profit $4.6 million $3.3 million +37.3% ---------------------------------------------------------------------------- Gross Profit Margin 48.9% 41.8% +17% ---------------------------------------------------------------------------- Net Income $3.8 million $2.3 million +65.4% ---------------------------------------------------------------------------- Basic EPS* $0.08 $0.05 - ---------------------------------------------------------------------------- Diluted EPS ** $0.08 $0.05 - ---------------------------------------------------------------------------- * Based on 48.1 million and 45.1 million shares outstanding for 2012 and 2011 fiscal third quarters, respectively. ** Based on 49.9 million and 46.9 million fully diluted shares outstanding for 2012 and 2011 fiscal third quarters, respectively. ----------------------------------------------------------------------------Financial Highlights for the Nine Months Ended March 31, 2012
- Revenue increased 7.9% year-over-year to $25.3 million;
- Gross profit increased 15% to $11.3 million; gross margin improved to 44.7% vs. 41.9% YOY;
- Net income increased 26.4% to $8.6 million;
- EPS of $0.18 based on 48.1 million shares outstanding.
Financial results for the nine months ended March 31, 2012
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2012 Fiscal First Nine Months (USD) (unaudited)
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Nine Months Ended March 31, 2012 2011 CHANGE
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Revenue $25.3 million $23.4 million +7.9%
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Gross Profit $11.3 million $9.8 million +15%
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Gross Profit Margin 44.7% 41.9% +6.7%
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Net Income $8.6 million $6.8 million +26.4%
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Basic EPS* $0.18 $0.17 -
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Diluted EPS ** $0.17 $0.11 -
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* Based on 48.1 million and 40.4 million shares outstanding for 2012 and
2011 fiscal third quarters, respectively.
** Based on 49.8 million and 62.8 million fully diluted shares outstanding
for 2012 and 2011 fiscal third quarters, respectively.
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Full Press Release
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Great share price.
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