Migao Reports Fiscal 2010 Year-End Financial Results

Migao Corporation (TSX:MGO), a China-based leading specialty potash fertilizer producer, announced financial results for the year ended March 31, 2010.

The press release is quoted as saying:

Migao reported net income of $38.3 million or $0.80 per basic share from revenues of $269.1 million for the 12-months ended March 31, 2010 as compared to net income of $24.7 million or $0.56 per basic share from revenues of $161.5 million for the six-month period ended March 31, 2009 and as compared to net income of $27.3 million or $0.67 per basic share from revenues of $187.0 million for the twelve-month period ended September 30, 2008.

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