Excellent Yiruitaike earnings rose 14.2% Thursday morning
YORK August 12 evening, the Chinese Airuitaike (CAGC) in the Nasdaq-listed shares rose more than 14%. After the company posted second-quarter earnings, revenue and profits have achieved substantial growth.
at 10:15 am EDT Thursday (Beijing time Thursday night 22:15), Airuitaike shares rose 1.98 U.S. dollars to 15.90 U.S. dollars, or 14.22%.
Yiruitaike into trading today announced second-quarter revenue rose 63% to 34.3 million U.S. dollars; gross profit increased 33% year on year to 11.9 million U.S. dollars, gross margin was 37.7%; net profit of 210 million, 1.05 per diluted share, compared to 44 cents; at the end of the second quarter, the company held cash and cash equivalents totaled 51.7 million U.S. dollars.
Airuitaike is a market in China, specializing in high-tech green agricultural product development, production, marketing and technical consulting services company, main business is based on humic acid organic raw materials fertilizer research and development, production and sales. The company in September 21, 2009 NASDAQ-listed issue price of 16.1 U.S. dollars. (Li Wu)
