SYUT Synutra International, Inc. featured news, full reports, and detailed charts
Synutra International, Inc. (SYUT) Wrap Up:
to clarify Mei Tai 100% ownership and the aborted acquisition of Tianfa. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f10%2f05%2f0001144204-07-053064.html#FIS_BUSINESS"www.synutra.com
6,200 Employees
Synutra International Inc. (SYUT:NASDAQ)
LAST $13.06 USD
CHANGE TODAY -0.24 -1.80%
VOLUME 11.1K
As of 10:36 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Synutra International Inc. (SYUT)
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OPEN
$13.25
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PREVIOUS CLOSE
$13.30
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DAY HIGH
$13.28
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DAY LOW
$13.06
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52 WEEK HIGH
08/26/09 - $16.60
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52 WEEK LOW
03/9/09 - $4.33
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MARKET CAP
705.3M
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AVERAGE VOLUME 3 mo
28.7K
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DILUTED EPS TTM
$-1.68
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SHARES OUTSTANDING
54.0M
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SYUT Does Not Pay Dividends
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P/E TTM
NM
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SYUT Top Compensated Officers
Mr. Liang Zhang
Chairman and Chief Executive Officer
Age: 49
Total Annual Compensation: $175.5K
Mr. William W. Wu
President of Marketing & Sales and Director
Age: 48
Total Annual Compensation: $122.9K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Synutra International Inc. (SYUT)
Synutra International Inc. expected to Report Q3 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).
11/11/2009
Synutra International Inc. expected to Report Q3 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 11, 2009).
Synutra International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2009 ; Announces Impairment Charges
11/10/2009
Synutra International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company's revenues totaled $65.3 million, down 31.1% from $94.8 million in the second quarter a year earlier. On a sequential basis, revenues in the second quarter were up 38.0% from $47.4 million in the first quarter ended June 30, 2009. The increase was primarily due to the sale of surplus milk powder of about $18 million to industrial customers from inventory, while powdered formula product sales was $42.0 million as the company paced its shipments to distributors in order to help them reduce their inventory glut built up in the aftermath of the melamine incident. The company's operating loss was $16.3 million, down from an operating loss of $62.1 million in the year-earlier quarter. Net loss attributable to common shareholders was $14.0 million, or $0.26 per fully diluted share, compared to a year-earlier net loss of $49.7 million, or $0.92 per fully diluted share. On a sequential basis, net loss attributable to common shareholders in the second quarter widened from $10.0 million, or $0.18 per fully diluted share, in the quarter ended June 30, 2009. Loss before tax benefit was $19 million compared to $62.4 million for the same quarter a year ago. For the six months, the company reported revenues of $112.7 million, down 49.3% from $222.2 million in the comparable period of 2008. Loss from operations totaled $26.9 million, compared to $42.6 million a year earlier. The narrowing of losses was due to year-over-year reductions in operating expenses, especially in advertising and promotion, partially offset by a $5.9 million impairment loss recorded on the contemplated sale of company's assets to Heilongjiang Wondersun in September 2009. Net loss attributable to common shareholders was $24.0 million, or $0.44 per fully diluted share, compared to $34.0 million, or $0.63 per fully diluted share, in the six months ended September 30, 2008. Loss before tax benefit was $32.2 million compared to $43.7 million for the same period a year ago. The company reported impairment loss of $5.9 million for the second quarter ended September 30, 2009.
Synutra International Inc., Q2 2010 Earnings Call, Nov-10-2009
11/9/2009
Synutra International Inc., Q2 2010 Earnings Call, Nov-10-2009
SYUT Competitors
| Company | Last | Change |
| American Dairy | $24.61 USD | +0.32 |
| Inner Mongolia Yili Industrial Group Co | ¥27.85 CNY | -0.26 |
| Mead Johnson Nutrition Co | $43.71 USD | -0.04 |
| Rodobo International Inc | $3.52 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SYUT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 3.1x |
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| Price/Book | 10.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 1.6x |
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SYUT transactions
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More Recent News About Synutra International, Inc.
More news for SYUT
Synutra International, Inc. Announces Appointment of Interim Chief Financial Officer
QINGDAO, China & ROCKVILLE, Md.--(BUSINESS WIRE)--Synutra International, Inc. (NASDAQ: SYUT; “Synutraâ€), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, today announced the appointment of Joseph Chow as interim chief financial officer in place of Lawrence Lee who has tendered his resignation as chief financial officer to be effective as of November 10, 2009. Mr. Lee is stepping down as the Company’s CFO to pursue personal interests in other fields and has agreed to act in an advisory capacity to Synutra through December 31, 2009 to ensure an orderly transition with respect to financial reporting and operational matters.Mr. Chow will become the Company’s acting CFO effective November 10, 2009 while the Company starts a search for candidates to fill this position on a more permanent basis. Mr. Chow will be responsible for all aspects of Synutra’s financial operations. Mr. Chow has over 16 years of experience in corporate finance, financial advisory and management, and has held senior executive positions in such public and private companies as Goldman Sachs (Asia), Harbor Networks Limited, China Netcom (Holdings), Bombardier Capital, Inc., Citigroup, and GE Capital.“On behalf of management, I appreciate the service and integrity of Mr. Lee as our chief financial officer of the past two years and as a director for a year prior to his appointment as our chief financial officer,†said Synutra Chairman and Chief Executive Officer Liang Zhang. “We are looking forward to working with Mr. Chow as the leader of our financial team and as a key member of our senior management....Click here to read the whole Article (external link)
Synutra International Inc. Announces Second Quarter 2009 Earnings Release Date and Conference Call
QINGDAO, China & ROCKVILLE, MD.--(BUSINESS WIRE)--Synutra International, Inc. (Nasdaq: SYUT - News) (“Synutraâ€), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, About Synutra International, Inc.Synutra International Inc. (Nasdaq: SYUT - News) is a leading infant formula company in China. It principally produces, markets, and sells its products under the "Sheng Yuan," or "Synutra," name, together with other complementary brands. It focuses on selling premium infant formula products, which are supplemented by more affordable infant formulas targeting the mass market as well as other nutritional products and ingredients. It sells its products through extensive, nationwide sales and distribution network covering 29 provinces and provincial-level municipalities in China. Additional information about Synutra International, Inc. can be found at ...Click here to read the whole Article (external link)
SYNUTRA INTERNATIONAL, INC. Files SEC form 8-K, Other Events
Item 8.01.Other Events As previously disclosed in its quarterly report on Form 10-Q for the quarter ended June 30, 2009, Synutra International, Inc. (the "Company") adopted the accounting provisions of Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements, an Amendment of ARB 51 (SFAS 160) on a prospective basis as of the beginning of the Company's fiscal year 2010. SFAS 160 amends Accounting Research Bulletin No. 51, establishing new standards governing the accounting for and reporting of (1) noncontrolling interests in partially owned consolidated subsidiaries and (2) the loss of control of subsidiaries. The Company also adopted the presentation and disclosure requirements of SFAS 160 on a retrospective basis in the first quarter of fiscal year 2010. Although the adoption of SFAS 160 changes the basis of the consolidated financial statement presentation, it did not have a material impact on the Company's consolidated financial statements and footnotes, thereto. SFAS 160 establishes accounting and reporting standards for the non-controlling interest in a subsidiary, previously referred to as minority interest. Among other matters, SFAS 160 requires that non-controlling interests be reported within the equity section of the balance sheet and that the amounts of consolidated net income or loss and consolidated comprehensive income or loss attributable to the parent company and the non-controlling interests be clearly presented separately in the consolidated financial statements. Also, pursuant to SFAS 160, where appropriate, losses will be allocated to non-controlling interests even when that allocation may result in a deficit equity balance. Upon adoption of SFAS 160, the Company reclassified minority interests in its consolidated balance sheet from other noncurrent liabilities to non-controlling interest in the equity section. Additionally, the Company changed the way non-controlling interests are being pres...Click here to read the whole Article (external link)
SYNUTRA INTERNATIONAL, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and E
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 2, 2009 Lawrence Lee, Chief Financial Officer ("CFO") of Synutra International, Inc. (the "Company"), tendered his resignation as CFO to be effective November 10, 2009. On November 2, 2009, the Company appointed Joseph Chow as the interim CFO effective November 10, 2009 to fill the vacancy created by Mr. Lee's resignation from that position. Mr. Chow, 47, has over 16 years of experience in corporate finance, financial advisory and management. Mr. Chow has held senior executive and managerial positions in various public and private companies, including as managing director of Goldman Sachs (Asia) LLP from April 2008 to July 2009, as chief financial officer of Harbor Networks Limited from February 2005 to March 2006, and as chief financial officer of China Netcom (Holdings) Company Limited from October 2001 to October 2004. Prior to that Mr. Chow also served as the director of strategic planning of Bombardier Capital, Inc., as vice president of international operations of Citigroup and as the corporate auditor of GE Capital. Mr. Chow currently sits on the board as an independent non-executive director for Kasen International Holdings Limited and for Intime Department Store (Group) Co., Ltd. Mr. Chow obtained a Bachelor of Arts degree in political science from Nanjing Institute of International Relations and an MBA from the University of Maryland at College Park. Mr. Chow will serve as acting CFO until the Company finds a qualified candidate to fill the position on a more permanent basis. The Company and Mr. Chow have entered into an interim arrangement whereby Mr. Chow will receive a compensation of RMB 100,000 per month beginning November 10, 2009, for the period in which he serves as interim CFO. The Compensation Committee of the Board of Directors of the Company will determine Mr. Chow's...Click here to read the whole Article (external link)
Synutra Reports Financial Results for Second Quarter Ended September 30, 2009
QINGDAO, China & ROCKVILLE, Md.--(BUSINESS WIRE)--Synutra International, Inc. (NASDAQ: SYUT - News), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, yesterday reported financial results for the fiscal second quarter and six months ended September 30, 2009. Details of the report were presented in Form 10-Q the Company filed with the Securities and Exchange Commission on November 9, 2009. Revenues Fall 31% Year-Over-Year, Rise 38% from Prior QuarterRevenues for the fiscal second quarter ended September 30, 2009 totaled $65.3 million, down 31.1% from $94.8 million in the second quarter a year earlier. The year-over-year drop reflects reduced infant formula sales primarily in the Company’s U-Smart product series after the Chinese government found eight lots of Synutra’s U-Smart series of formula products along with certain products of 21 other manufacturers had been contaminated with melamine in September 2008. The reduction in revenues was partially offset by an increase in sales of surplus milk powder to industrial customers.On a sequential basis, revenues in the second quarter were up 38.0% from $47.4 million in the first quarter ended June 30, 2009. The increase was primarily due to the sale of surplus milk powder of about $18 million to industrial customers from our inventory, while our powdered formu...Click here to read the whole Article (external link)
Q2 2010 SYNUTRA INTL INC Earnings Release - Before Market Open
Earnings Announcements for Tuesday, November 10CompanySymbolTimeConferenceCallAareal Bank AGARL.FTime Not SuppliedACROSSASIA LIMITED8061.HKTime Not SuppliedADVENTRX PHARMACEUTICALS INCANXTime Not SuppliedAEROPORTO DI VENEZIA MARCO POLO SPA (SAVE)SAVE.MITime Not SuppliedAgFeed Industries, Inc.FEEDTime Not SuppliedAirMedia Group Inc.AMCNAfter Market CloseListenAKM INDUSTRIAL CO LIMITED8298.HKTime Not SuppliedAkorn, Inc.AKRXBefore Market OpenALIBABA.COM LTDALBCF.PKTime Not SuppliedListenAMB Generali Holding AGGE1.FTime Not SuppliedAmeriana BancorpASBIBefore Market OpenAmerican ApparelAPPBefore Market OpenAnthracite Capital, Inc.AHRTime Not SuppliedARKEMAAKE.PA01:30 am ETArtificial LifeALIF.OBBefore Market OpenArvinMeritor, Inc.ARMBefore Market OpenListenASIA TIGER GROUPA7...Click here to read the whole Article (external link)
SYNUTRA INTERNATIONAL, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Sections of this Quarterly Report on Form 10-Q (the "Form 10-Q") including, in particular, the Company's Management's Discussion and Analysis of Financial Condition and Results of Operations contain forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed, implied or forecasted in any such forward-looking statements. Expressions of future goals and expectations or similar expressions including, without limitation, "may," "should," "could," "expects," "does not currently expect," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," or "continue," reflecting something other than historical fact are intended to identify forward-looking statements. The factors described in the Company's Annual Report on Form 10-K under Part I. Item 1A. Risk Factors and below in Part II. Other Information - Item 1A. Risk Factors could cause the Company's actual results to differ materially from those described in the forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. However, readers should carefully review the reports and documents the Company files from time to time with the SEC, particularly its Quarterly Reports on Form 10-Q, Annual Report on Form 10-K , Current Reports on Form 8-K and all amendments to those reports. Available Information The Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8...Click here to read the whole Article (external link)
SYNUTRA INTERNATIONAL, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
SYNUTRA INTERNATIONAL, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a
Show all filings for SYNUTRA INTERNATIONAL, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for SYNUTRA INTERNATIONAL, INC. 17-Nov-2009Results of Operations and Financial Condition, Financial Statements a Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informati...Click here to read the whole Article (external link)
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