Emerald Dairy Reports Fiscal Third Quarter 2008 Financial Results

RESTON, Va., Nov. 17 /Xinhua-PRNewswire-FirstCall/-- Emerald Dairy, Inc. (BULLETIN BOARD: EMDY), today announced third quarter 2008 financial results. The Company plans to file its third quarter 2008 Form 10-Q today. Key highlights from the third quarter 2008 include: -- Revenue increased 32.9% year over year to $11.2 million from $8.4 million in 3Q07 -- Gross profit increased 54.6% year over year to $4.7 million from $3.0 million in 3Q07 Mr. Yang Yong Shan, Chief Executive Officer of Emerald Dairy, stated, "We are glad to share today's results with our investors. During the third quarter, despite the melamine crisis, we posted strong top line growth of 32.9%, which demonstrated consumers' confidence in our products. In this quarter, we invested approximately $0.6 million in advertising, including commercials running on... [read full story]