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Non-Tech : Falken Industries, Ltd.
FLKI 0.00010000.0%Oct 31 9:30 AM EST
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From: JustForBucks11/7/2011 12:32:28 PM
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Falken Industries Ltd 3Q Reports Record Revenues for 3Q

3Q Operating Profits Soared to $ 771,680, or 1 Cent Per Share, on Strong Global Product Demand - Resulting in Record Net Operating Profits.

TRENTON, NEW JERSEY--(Marketwire - Nov. 7, 2011) - Falken Industries Ltd (OTCBB:FLKI)

Operating Revenues for this international leader in the industry soared for the 3Q notwithstanding continuing heavy research and development and promotional support for a fast expanding global distribution network.

"FLKI continues to buck the trend, refusing a policy of pass-along price increases and holds its uncontested leadership with retailers and distributors for important price stability" said Manuel Garcia, communications officer. Net operating margins have held firmly notwithstanding heavy promotional expense for all of 2011.

Much of the reported success of the company lies with its noted procurement and purchasing efficiencies which have hedged its raw material cost up to three years, given it substantial cost advantages over its competitors.

Sales are projected to increase by more than 20% for the 4Q bested by significant further increases in global market share because FLKI product concepts have been filling the voids created by over-priced and over extended competitors.
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