Tuesday, November 19, 2013

SOHM, Inc. (SHMN) Records FH13 Revenue Growth of 116%, Guides FY13 Growth of 50% vs. Year Ago

SOHM, a manufacturer and seller of generic pharmaceuticals, nutraceutical and cosmeceuticals, today reports its financial results for the first six months of 2013, as well as provides guidance for the full fiscal year 2013.

Revenues increased 116 percent for the first six months of 2013, compared to revenues in the comparable period of 2012. Nine months revenue of $1.5 million has already surpassed revenue of $1.2 million achieved during the full year of 2012.

Anticipating continued efforts and subsequent growth, the company projects full-year revenues to increase 55 percent compared to revenues recorded for full year 2012.

“SOHM is confident for its outlook for the year 2013 and beyond for its continued growth due to focused approach,” Shailesh Shah, president and CEO of SOHM stated in the news release. “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.”

The company attributes its first-half 2013 revenue growth to the launch of I-Prolec protein supplement in the Indian market, which the company says “adds weight to SOHM’s confidence in its product offerings.”

“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.

SOHM’s products cover all major treatment categories and are distributed worldwide. The company has global headquarters located in California, U.S., with manufacturing facilities in India.

For more information, visit www.sohm.com

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