-- Revenue Increases by 59.0%
-- Profit Attributable to Equity Holders of the Company Increases by 71.2%
-- Strengthens the Leading Position in China's Children's Personal Care
Product Industry
-- Further Consolidates the Market Position in the Second- and Third-tier Cities
-- Endeavors to Step into the First-tier Market
HONG KONG, Aug. 31, 2011 /PRNewswire-Asia/ -- Prince Frog International Holdings Limited (01259.HK), a leading children care product brand in China, today announced its interim results for the six months ended 30 June 2011 ("period under review").
Financial Highlights
For the six months ended 30 June
--------------------------------
2011 2010
RMB million RMB million Change(%)
----------- ----------- ---------
Revenue 551.3 346.7 +59.0%
Gross Profit 222.2 126.3 +75.9%
Gross Profit Margin 40.3% 36.4% +3.9% pts
Profit Attributable to
Equity Holders of the Company 69.6 40.7 +71.2%
Net Profit Margin 12.6% 11.7% +0.9% pts
Basic Earnings
Per Share (RMB cents) 9.3 5.4 +72.2%
For the six months ended 30 June 2011, revenue of the Group amounted to approximately RMB551.3 million, representing an increase of 59.0% as compared to the corresponding period last year, while revenue generated from the Frog Prince brand increased by 78.5% to approximately RMB336.2 million. During the period under review, gross profit amounted to RMB222.2 million, representing an increase of 75.9% as compared to the corresponding period last year. For the six months ended 30 June 2011, profit attributable to equity holders of the Company amounted to approximately RMB69.6 million, representing an increase of 71.2% as compared to the corresponding period last year. Meanwhile, gross profit margin and net profit margin of the Group have reached 40.3% and 12.6% respectively during the period under review. Basic earnings per share were RMB9.3 cents (Corresponding period of 2010: RMB5.4 cents).The board of directors of the Company does not recommend the payment of an interim dividend for the six months ended 30 June 2011.
Prince Frog was listed on the main board of the Hong Kong Stock Exchange on 15 July this year. Along with the rapid development of China's economy, consumption became its key growth driver.