Revenue Update on Synutra International(NASDAQ:SYUT)

Synutra International(NASDAQ:SYUT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jun 13, 2016. Earnings per share were $0.12.

Synutra International (SYUT) made into the market gainers list on Fridays trading session with the shares advancing 1.02% or 0.04 points. Due to strong positive momentum, the stock ended at $3.97, which is also near the day’s high of $4.045. The stock began the session at $3.96 and the volume stood at 87,727 shares. The 52-week high of the shares is $7.84 and the 52 week low is $3.62. The company has a current market capitalization of $225 M and it has 5,66,90,687 shares in outstanding.

Synutra International Inc. is an infant formula company in China. The Company is engaged in the production distribution and sale of dairy-based nutritional products under the Shengyuan or Synutra line of brands. The Company operates through three segments: Nutritional Food which includes the sale of powdered infant and adult formula products with brands including Super My Angel and Dutch Cow as well as the sale of prepared foods under the brand of Huiliduo; Nutritional Supplement which includes the production and sale of nutritional supplements such as chondroitin sulfate to third-parties and microencapsulated Docosahexanoic Acid and Arachidonic Acid to the nutritional food segment for use in powdered formula production and Other Business which includes non-core businesses such as ancillary sales of excess or unusable ingredients and materials to industrial customers providing genetic diagnostic services for new born babies and sales of cosmetics to pregnant women.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *