Synutra International (SYUT) to Relocate R&D and Training Facilities; CFO Comments on Outlook
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Synutra International, Inc. (NASDAQ: SYUT) announced the planned relocation of the Company's R&D, customer service, call-center, and training facilities into a new corporate campus in Beijing by the end of December, 2011.
The new Synutra Campus is located in the Eastern suburbs of metro Beijing and has more than 50,000 square meters (about 510,000 square feet) of building facilities on site. The move will avail important functions of customized product development for specialty formulas, customer support services, on-site marketing program production, and employee training to the Company and help improve management and operational efficiency in a centralized location.
Interim CFO said, "...Nevertheless, we believe the top-line growth for the three months ending December 31, 2011 will be between 45% to 48%, which, we believe would likely result in an expected net income range of $9 to $10 million for the three months ending December 31, 2011."
The new Synutra Campus is located in the Eastern suburbs of metro Beijing and has more than 50,000 square meters (about 510,000 square feet) of building facilities on site. The move will avail important functions of customized product development for specialty formulas, customer support services, on-site marketing program production, and employee training to the Company and help improve management and operational efficiency in a centralized location.
Interim CFO said, "...Nevertheless, we believe the top-line growth for the three months ending December 31, 2011 will be between 45% to 48%, which, we believe would likely result in an expected net income range of $9 to $10 million for the three months ending December 31, 2011."
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