Business
SOHM Posts FH2013 Financial Results, Provides Full-Year Outlook
SOHM Posts FH2013 Financial Results, Provides Full-Year Outlook.
About this update from Sohm, Inc.
[{"type":"text","content":"\n \n \n SOHM Posts FH2013 Financial Results, Provides Full-Year Outlook\n \n \nSOHM Posts FH2013 Financial Results, Provides Full-Year Outlook\n\nRevenues in the First-Half of 2013 Expected to Exceed Total Revenues Achieved in Full-Year 2012\n\n \n BUENA PARK, CA--(Marketwired - Nov 19, 2013) -  SOHM, Inc. (PINKSHEETS: SHMN), a company that manufactures and markets generic pharmaceuticals, nutraceutical and cosmeceuticals covering all major treatment categories, today announces its financial results for the first six months of 2013, as well as provides guidance for the full year. \n SOHM reports revenue growth of 116 percent for the first six months of 2013, compared to revenues in the comparable period of 2012. Nine months revenue of $1,539,055 has already surpassed revenue of $1,296,450 achieved during the full year of 2012. By end of fiscal year 2013, SOHM projects revenue growth of more than 55 percent as compared to 2012.\n Shailesh Shah, president and CEO of SOHM, stated, \"SOHM is confident for its outlook for the year 2013 and beyond for its continued growth due to focused approach. This year we have introduced to market two exciting new skin care product lines to U.S. consumers, as well as a unique protein supplement in India.\"\n The launch of I-Prolec protein supplement in the Indian market adds weight to SOHM's confidence in its product offerings, and creates a new and valuable stream of revenue generation. \n \"Success of our I-Prolec supplement, Salic-2 Gel and Fohm by Sohm face wash products, and nine over-the-counter medicines packaged in travel packs, support the projected financial growth and profitability we expect to achieve during 2014,\" Shah stated. \n About SOHM, Inc.\n SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Besides generic drugs, SOHM also has manufacturing facilities for food supplements and cosmetics. The Company has global headquarters located in California, U.S., with manufacturing facilities in India. SOHM exports generic pharmaceuticals worldwide, placing a heavy focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia. For more information visit the company's website at: www.sohm.com \n Safe Harbor Statement\n This press release contains statements, which may ...