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Keep your eyes on this company! qtr over qtr growth, yr over yr growth in an exciting high-end auto market. China has surpassed US as biggest seller of Autos and is going strong this and last year! Their numbers are due out next month!!
Posts: 18 | Registered: May 2008
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(RTTNews) - Monday, China Auto Logistics Inc.'s (CALI: News ) second-quarter net income attributable to the company increased 21% to $1.32 million or $0.07 per share from $1.10 million or $0.09 per share in the same period last year.
Net revenue in the second quarter 2009 was $45.11 million compared with $47.76 million in the last year, a decline of 5.5%. Additionally, China Auto Logistics said that the effects of its recently announced share transfer agreements, which increased its ownership of minority interests in its three subsidiaries are not reflected in the reported results.
Posts: 31 | Registered: Oct 2006
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Can anyone shed some light on the part of the last sentence that talks about share xfer agreements?
Posts: 31 | Registered: Oct 2006
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