This is topic Stock to Watch: DRGV - Revenues Increase to $29.76 million in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
China Venture Forum: China Stocks to Watch: DRGV Posts Financial Performance for the First Nine Months of 2006, Revenues Increase to $29.76 million
Shanghai, China, Dec 15, 2006 (M2 PRESSWIRE via COMTEX) -- China Venture Forum, a equity research newsletter of micro- and small-cap China Stocks, announced China Stocks to Watch for Friday, December 15, 2006 include Dragon Capital Group (OTC: DRGV), China Development Group Corp. (NASDAQ: CTDC), The CDC family of companies (NASDAQ: CHINA), China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF), and China Automotive Systems, Inc (NASDAQ: CAAS). Dragon Capital Group Corp (Pink Sheets: DRGV), a leading holding company of emerging technology companies in China, today announced its financial results (unaudited) for the first nine months ended September 30, 2006.
The Company recorded revenues of approximately $29.76 million for the first nine months of 2006. Income from operations was approximately $982,493 for the first nine months of 2006. Net Income was approximately $386,662. The net income was negatively affected by a one-time charge of approximately $206,900 that was associated with financing, integration, and acquisition. Shareholder equity increased to $6.212 million. For more details about our financial performance, please review our financial statements at http://www.pinksheets.com/quote/finance.jsp?symbol=DRGV.
Lawrence Wang, CEO of Dragon Capital Group, stated, "I am pleased to report that our business continues to experience strong momentum as our newly acquired divisions continue to penetrate the market. While we expect to maintain our growth in revenues in our core businesses, we will continue to increase our profit margin by integrating our new acquisitions. The fourth quarter is a strong one historically for our sales. We are looking forward to having a strong finish for the fiscal year of 2006 and carry strong momentum to 2007. We believe we will have much better profit margin in 2007, as we complete our integration of our operations in 2006."