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China Sky One Soars after Releasing Strong 2008 Results

publication date: Apr 16, 2009

China Sky One Medical (中国天字一号医药公司) announced 2008 financial results that were a significant advance over 2007 and also slightly ahead of forecasts. In 2008, the company’s revenues increased 86% to $91.8 million, while net income rose 88% to $35.7 million or $1.87 per share, fully diluted. China Sky One expects its business will continue to grow: it issued 2009 guidance for revenues in a $128-$130 million range, a 40% jump, and net income of $38-39 million, which is higher by 30%. More details...

Stock Symbol: (NSDQ: CSKI)

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