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Strategies & Market Trends : Aardvark Adventures
DAVE 207.00-1.5%Dec 5 3:59 PM EST

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To: ~digs who wrote (1838)12/6/2005 11:15:32 PM
From: ~digs  Read Replies (1) of 7944
 
9:35AM Qiao Xing Gross Profit Up 61.5% and Income from Operations Up 144% From Those for the Same Period Last Year (XING) 8.06 +0.06:The co on an un-audited management account basis, certain key financial data about its operations for the nine months ended Sept 30, 2005. Mr. Wu Rui Lin, Chairman of XING, said, ''Net sales for the nine months ended Sept 30, 2005 increased to reach $210.8 mln, while gross profit grew 61.5% to reach $33.6 mln. Thanks to this successful reduction of the cost of sales, the gross profit ratio of the co increased from 10.4% for the first nine months of 2004 to 15.9% for the same period this year.
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