China Cord Blood Corp (CO)

[MinnieM]

China Cord Blood Corporation Reports First Quarter Fiscal 2011 Financial Results

http://ih.advfn.com/p.php?pid=nmona&article=44319004&symbol=CO

Highlights
-- Net revenue increased 23.8% to RMB71.7 million ($10.6 million).
-- Fiscal 2011 first quarter new subscriber sign-ups grew 17.3% to 12,180, exceeding the 12,000 mark for the first time.
-- Gross profit rose to RMB54.4 million ($8.0 million) and gross margin improved four percentage points to 75.9%.
-- Operating income reached RMB23.4 million ($3.4 million).
-- RMB17.6 million ($2.6 million) net income attributable to shareholders compared to a net loss of RMB4.6 million in the prior year period.
-- Completed the investment in 19.9% equity interest in the Shandong cord blood bank operator in May 2010.