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SkyPeople Fruit Juice Q2 revenue was $12.2 million

Staff writer |
SkyPeople Fruit Juice announced its financial results for the second quarter ended June 30, 2015. Revenue was $12.2 million, an increase of 2% as compared to $12.0 million for the same period of 2014.

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This increase was primarily due to an increase in the sales of the concentrated pear juice, fruit juice beverages and concentrated kiwi segments, partially offset by a decrease in sales from the apple-related products segment.

The fruit juice beverages segment comprised 91% of total revenue for the three months ended June 30, 2015 as compared to 92% of total revenue for same period of 2014.

The segment now represents a substantial proportion of the company's revenue.

Gross profit was $5.1 million for the three months ended June 30, 2015, an 11% increase from gross profit of $4.6 million for the same period of 2014.

The increase was primarily due to the 260% increase in gross profit generated from the concentrated pear juice segment and the 12% increase in gross profit generated from fruit juice beverages.

These increases were partially offset by decreases in gross profit generated by the concentrated kiwifruit juice and kiwifruit puree segment and the apple-related products segment.

The consolidated gross profit margin was 42% for the three months ended June 30, 2015 as compared to 38% for the same period of 2014 primarily due to the higher period-over-period gross margin of the fruit juice beverage segments.


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