SkyPeople Fruit Juice, a China-based holding company for SkyPeople Juice Group through its wholly-owned subsidiaries – Pacific Industry Holding Group and SkyPeople Juice International Holding, has posted 64% increase in revenue to $28.6m for the three months ended 30 September 2012, as compared to $17.4m for the same period last year.

The increase in revenue was primarily due to increase in the sales of concentrated pear juice and fruit juice beverages.

Reported gross profit for the latest quarter was $8.5m, up by 76% from $4.8m in the third quarter (Q3) of 2011.

The increase in gross margin was mainly due to rise in gross margin of fruit juice beverages segment and concentrated pear juice segments.

Net income attributable to common shareholders for the third quarter of 2012 increased by 177% to $5m, as against $1.8m for same period previous year.

SkyPeople Fruit Juice CEO Yongke Xue said they are happy with strong year-to-year growth in revenues and net income for Q3 2012.

"Our strong results were driven by exceptional performance in two of our key product segments, concentrated pear juice and fruit juice beverages," Xue added.

"Our overall profitability improved significantly as well on the basis of an expansion of gross margins attributable to better raw material costs as well as lower operating expenses.

"We believe that our strategy of diversifying our product mix has been very effective in that it provides us with flexibility to shift our manufacturing focus towards better performing products so as to optimize our operating performance."