Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Overseas
 Search News  Or
Nasdaq-listed China Gerui sees profit soar 60.4% in Q4

Apr. 19, 2012 (China Knowledge) - China Gerui Advanced Materials Group Ltd<CHOP>, a leading high precision, cold-rolled strip steel producer in the country, reaped US$18.2 million in net profit in the fourth quarter of 2011, up 60.4% year on year from US$11.3 million.

Diluted earnings per American Depositary Share for the fourth quarter increased to US$0.31 from US$0.23 in the same period of 2010.

In the three months ended Dec. 31, 2011, the Nasdaq-listed firm's revenue increased by 39% year on year from US$66.1 million to US$91.9 million, principally boosted by a 10.1% increase in average sales price.

Gross profit increased 42.5% year on year from US$19.6 million to US$28 million in the fourth quarter of 2011 with gross margin reaching 30.4%.

For the whole year of 2011, the company's net profit reached US$57.6 million, up 22.4% year on year from US$47.1 million. Revenue for last year increased 34.6% to US$341.8 million from US$253.9 million the firm realized in 2010.

At the end of last year, the company had US$246.6 million in cash, compared with US$119.5 million it had as of Dec. 31, 2010.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved