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Shengtai Pharma Begins FY2009 with Small Drop

publication date: Nov 14, 2008

Shengtai Pharmaceutical, Inc. reported that the August Olympics caused a slowdown in its fiscal year 2009 Q1 (ended September 30, 2008) financial performance. The government restrictions on manufacturing and transportation, put in place in Beijing to reduce pollution, disrupted normal business activity. As a result, Shengtai reported that Q1 revenues were 6% lower at $18 million, while net income fell a more serious 72% to $630,000. More details...

Stock Symbol: (OTCBB: SGTI)



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