Synutra Reports Second Quarter 2011 EPS of $(0.37)

Synutra International, Inc. SYUT  today announced financial results for the second quarter and first half of fiscal 2011, ended September 30, 2010.

Second Quarter Fiscal 2011 Financial Overview

• Net sales were $41.2 million
• Gross profit was $8.9 million
• Gross margin was 21.6%
• Loss from operations was $26.1 million
• Net loss attributable to Synutra International, Inc. common shareholders was $21.2 million, or $0.37 per diluted share