CMSH's first-half 2007 revenue increases 37%

For the six months ended June 30, 2007, China Medical System Holdings' sales increased 37% on the comparable period last year, to $24.0 million, as gross profit jumped 26% to $15.7 million.

These figures represent its maiden interim results following a successful listing on the Alternative Investment Market of the London Stock Exchange in June 2007, raising $10.0 million gross for the company. Net profit for the period before intial public offering costs and employee benefits recognized, increased 57% to $5.4 million and represents an adjusted net margin on sales of 22% versus 20%.

The firm noted that its selling and marketing expenses have increased to $6.5 million vs $5.6 million in line with its budget, resulting from the introduction of new products to the market during the half year.