date:Jun 14, 2013
previous quarter. Powdered formula margin decreased to 48% from 52% in the previous quarter. At 48%, the powdered formula segment margin is in line with the Company's historical levels.
Income from operations was $6.7 million, compared to income from operations of $362 thousand in the previous quarter. This sequential increase reflects lower sales and marketing expenses after the Gold Mining project, a $3.0 million government subsidy and a $1.0 million gain on liquidation and disposal of subsi