SkyPeople Fruit (NASDAQ:SPU) Post Higher Profit for FY 2012

SkyPeople Fruit Juice, Inc (NASDAQ:SPU) announced on Thursday that net income for the FY 2012 was $18.2 million or $0.68 a share, evaluated against $13.2 million or $0.50 a share for the FY 2011.

For the fiscal year 2012, total revenue moved up 22 percent to $102.4 million from $84.0 million in previous year, mainly because of a boost in sales of concentrated pear juice, fruit juice beverages and fresh fruit and vegetables which was partially counterbalance by a drop in the sales of concentrated kiwifruit juice and kiwifruit puree and concentrated apple juice and apple aroma.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. H.J. Heinz Company (NYSE:HNZ) rose +0.24% to settle at $72.27, The Coca-Cola Company (NYSE:KO) moved up +0.55% to end at $40.44 while PepsiCo, Inc. (NYSE:PEP) jumped +1.05% to finish at $79.11 on Friday.

SkyPeople Fruit Juice, Inc. (NASDAQ:SPU) last session’s volume of 13,294 million shares was surprisingly lower than its average volume of 34,093 shares. The stock after opening at $2.37 hit high price of $2.37 and then closed at $2.30 by scoring -2.13%.

The liquidity measure in recent quarter results of the company was recorded 5.30 as current ratio and on the other side the debt to equity ratio was 0.08. The Company had total cash of $80.87 million at hand and a book value per share as $5.52 in the most recent quarter.

The stock’s price volatility was 7.01% for a week and 5.84% for a month as well as price volatility’s Average True Range for 14 days was 0.14 and its beta remained at -0.13.

SPU generated revenue of $91.35 million in the previous twelve months and earned $13.54 million. The Company showed a positive 16.14% in the net profit margin as well as in its operating margin which remained at 20.66%.

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