American Dairy Announces 3Q05 Financial Guidance
BEIJING--(BUSINESS WIRE)--Sept. 20, 2005--American Dairy, Inc. (PCX:ADY - News), one of the leading producers and distributors of milk powder and soybean products in China, today announced financial guidance for the third quarter of 2005.
The Company expects revenue in the third quarter of 2005 to be $14.0 - $15.0 million, up at least 55% from $9.0 million in the third quarter of 2004. The Company expects net income to be $2.8 - $3.0 million, up at least 133% from $1.2 million in the comparable period of 2004, and net income per diluted share of $0.18 - $0.19, based on 15.4 million diluted shares outstanding.
About American Dairy
American Dairy, Inc. conducts operations in the People's Republic of China ("China") through its wholly owned subsidiary Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder and soybean products in China. Feihe Dairy is located in Kedong County, China and has been in operation since 2001. American Dairy also has a milk powder processing plant, Sanhao Dairy, in Kedong County, China.
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time
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©2003 American Dairy, Inc.
