Potash

Migao Corporation (TSE:MGO), a China-based leading specialty potash fertilizer producer, reported financial results for the first quarter ended June 30, 2010.

Migao Corporation (TSX:MGO), a China-based leading specialty potash fertilizer producer, reported financial results for the first quarter ended June 30, 2010.

The press release is quoted as saying:

Migao reported revenues of $66.3 million (RMB 440.0 million) for the 3-months ended June 30, 2010 as compared to revenues of $58.9 million (RMB 344.8 million) for the three-month period ended June 30, 2009. For the quarter, the Company reported net income of $8.9 million or $0.17 per basic share as compared to net income of $9.6 million or $0.21 per basic share. The revenue improvement is attributed to increased product sales by volume compared to the same period last year. The decrease in net income was primarily a result of increased taxes as Migao’s subsidiaries complete various tax free and tax-reduced programs in China.

Click here to access the entire press release

Click here to access Migao Corporation Corporate Site

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1836.40+5.39
Silver21.43+0.29
Copper3.78+0.03
Palladium1951.00+74.00
Platinum915.00+4.00
Oil107.53-0.09
Heating Oil4.23-0.01
Natural Gas6.11-0.11

DOWNLOAD FREE REPORTS

×