date:Jun 14, 2013
ands to a more concentrated group of distributors and retail customers, we believe we can achieve improved levels of sales, gross margin and net profit in FY14 compared to the prior year period, concluded Mr. Zhang.
Net sales decreased 1% to $72.9 million for the fourth quarter of fiscal 2013 from $73.2 million in the third quarter of fiscal 2013. Net sales from the Company's branded powdered formula segment were $61.5 million, or 84% of net sales in the quarter, compared to $62.4 million, or 8