Big Tree Group, Inc. (BIGG) Reaffirms Expectations For Record FY13 Revenue, Led By Stellar Growth In Toy Exporting Business

Jan. 02, 2014 10:52 AM ETBIGG
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Big Tree Group, a China-based company that serves as a "one-stop-shop" for the sourcing and distribution of toys and related products, today reaffirmed that it sees full-year revenues reaching a record of more than $45 million and earnings per share exceeding $0.14. The company expects to report its full-year 2013 results in March of 2014.

Shantou Big Tree Toys, the subsidiary that operates Big Tree Group's toy exporting business, led revenue growth by increasing approximately 50 percent in 2013. Shantou Big Tree Toys is expected to contribute approximately $15 million of total revenues to Big Tree Group's full-year revenues.

The company's business strategy is centered on export sales as a major area for growth, and as such, the companies have devoted substantial resources toward building the Big Tree Toys brand as a reputable source for high-quality toys. Strong sales growth in 2013 is a reflection of the success of these efforts; management anticipates substantial growth for this business in 2014.

"We are pleased with our strong revenue growth in 2013 as our emphasis on quality and pricing has enabled us to expand our global customer base. We continue to see strengthening demand from numerous toy markets worldwide, including North America, South America, the Mideast, Asia and Europe," Wei Lin, chairman and CEO of Big Tree Group. "We believe we have built a strong foundation for growth through our sourcing capabilities, our quality control systems and our emphasis on custom service over the past several years. This has enhanced our reputation as a reliable 'one-stop-shop' for toy industry buyers across the globe. We are confident that we can build on our reputation and position our company to continue to deliver stronger financial performance for years to come."

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