China Medical Technologies, Inc. (China Medical) has reported unaudited preliminary financial results for fiscal 2008. For the period, revenues from continuing operation increased by about 51% year-over-year to about RMB829 million. Non-GAAP adjusted income from continuing operation increased by about 79% year-over-year to about RMB416 million.
Non-GAAP adjusted earnings from continuing operation per ADS increased by about 80% year-over-year to about RMB15.8 for fiscal 2008.
For the fourth quarter of fiscal 2008, Revenues from continuing operation increased by about 37% year-over-year to about RMB248 million. Non-GAAP adjusted income from continuing operation increased by about 43% year-over-year to about RMB116 million. Non-GAAP adjusted earnings from continuing operation per ADS increased by about 44% year-over-year to about RMB4.4.
China Medical is a China-based medical device company that develops, manufactures and markets advanced in-vitro diagnostic products.