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News Breaks
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January 20, 2012
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| 09:05 EDT |  | SYUT |
| theflyonthewall.com: | Synutra provides government testing results regarding infant formula safety | | Synutra International announced the final findings by government authorities regarding the case involving the twin infants from Jiangxi Province. The Jiangxi Province Center for Disease Control and Prevention and the Jiangxi Dairy Quality Supervision and Inspection Center have performed two separate rounds of testing, which both confirmed the preliminary findings announced on Jan. 13 from the People's Government of Duchang County that cleared Synutra products. The Authorities stated that samples in both additional tests were collected directly from the family of the deceased infant and from the retail store where the family bought the products and concluded that the samples are compliant with all eleven national standards, including level of coliform bacteria and total bacterial count. The Authorities also tested the residential well water from the family and found that both coliform bacteria levels and total bacterial count exceeded national standards. The Authorities had also previously released the attending physician's diagnostic records that determined the infant death was due to body overheating, or hyperthermia, and multi-functional organ failure and that both the death of the male infant and the sickness of his twin sister were not due to food poisoning or related to food. Synutra is currently assessing the impact of this event on their business. At this point, the company's sales and earnings estimates for FQ3 of FY12 remain unchanged. Synutra plans to announce Q3 results in the second week of February, and they estimate the sales revenue to be within a range of $90M-$93M and net income in a range of $9M-$10." :theflyonthewall.com |
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