Happiness Biotech Group Limited Announces Financial Results for the Six Months Ended September 30, 2019
Happiness Development Group Limited - Class A Ordinary Shares (HAPP)
Company Research
Source: PR Newswire
NANPING, China, Jan. 17, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, today announced its unaudited financial results for the six months ended September 30, 2019. The financial results has been filed in a 6-K with the U.S. Securities and Exchange Commission (the "SEC") on January 10, 2020.Financial Highlights for the six months ended September 30, 2019:Sales for the six months ended September 30, 2019, were $31.36 million, relatively stable compared with $31.43 million in the prior year period. Operating income was $9.82 million for the six months ended September 30, 2019, a slight decrease of 5.4% from the prior year period due to increases in general and administrative fees incurred for brand advertisement. The Company reported $8.42 million of net income attributable to common shareholders, or $0.37 per basic and diluted share in the six months ended September 30, 2019
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