China Carbon Graphite Reports its 2011 Fourth Quarter Financial Results

China Carbon Graphite Group, Inc. (OTCBB:CHGI) reported its 2011 fourth quarter financial results.

As quoted in the press release:

Fiscal Year (FY) 2011 Highlights:

• Sales rose 61%, from $31.0 million in FY 2010 to $49.8 million in FY 2011

• EBITDA grew 92%, from $5.0 million in FY 2010 to $9.7 million in FY 2011

• Net income increased 115%, from $1.4 million in FY 2010 to $3.0 million in FY 2011

Click here to read the China Carbon Graphite Group, Inc. (OTCBB:CHGI)  press release.