Replies to post #296 on Lotus Pharmaceuticals Inc (LTUS)

[shipwreck616]

If your having trouble understanding LTUS check out YMI..

[ihtblr]

I think people didn't like this "increased competition" part.

But they mentioned that it is for retail sales only which is just 20% of their business. Note that margins increased for the wholesale division.

They could have PRed this better.



"Our retail sales accounted for 20% of net revenues in 2009, a decrease of 17% as compared to 2008. Lotus believes that this decrease was due to increased competition in Beijing."