Yayi International Inc. (YYIN.OB) Posts Solid Q3 Results and Positive Forecast of Premium Goat Milk Market
Yayi International Inc. is a leading producer and distributor of goat milk formula products for individuals of all ages in the People’s Republic of China. The company today announced its financial results for the third quarter ended July 31, 2009, reporting solid increases and its expectations for the milk market. Yayi posted a 13.2 percent increase in net sales at $7.1 million, up from $6.3 million for the third quarter of 2008. The company attributed 92 percent of the growth to increased sales volume as the company expanded its shelf space to more retail stores and distributors; 8 percent of…