China Sun Group High-Tech Co. Announces First Quarter Fiscal Year 2012 Results

- October 14th, 2011

China Sun Group High-Tech Co., Ltd. (OTCBB:CSGH) reported its financial results for the quarter ended August 31, 2011.

China Sun Group High-Tech Co., Ltd. (OTCBB:CSGH) reported its financial results for the quarter ended August 31, 2011.

As quoted in the press release:

First Quarter Fiscal Year 2012 Financial Results Highlights

  • First quarter fiscal year 2012 revenue declined by 2.2% to $11.5 million compared to $11.8 million for the comparable period in fiscal 2011
  • Gross profit increased by 3.9% to $3.9 million compared to $3.7 million for the comparable period in fiscal 2011
  • Income from operations increased by 2.5% to $3.3 million with an operating margin of 29.0%
  • Net income increased by 2.2% to $2.5 million, or $0.04 per diluted share, compared to $2.4 million, or $0.05 per diluted share, for the comparable period in fiscal 2011
  • In July 2011, China Sun Group launched its new corporate and investor relations web site to strengthen its communication with customers and investors

Click here to read the China Sun Group High-Tech Co., Ltd. (OTCBB:CSGH) press release

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