Changfeng Delivers Strong Revenue and EBITDA Growth in Q2 2011
Investing News Network - August 29th, 2011
Changfeng Energy Inc. (CVE:CFY) announces its unaudited financial results for the second quarter and six month periods ended June 30, 2011.
Changfeng Energy Inc. (TSXV:CFY) announces its unaudited financial results for the second quarter and six month periods ended June 30, 2011.
The press release is quoted as saying:
Q2 2011 gross profit grew 6% to $2.2 million versus $2.1 million for Q2 2010 despite a strong revenue increase of $2.3 million or 51%. Gross margin percentage for Q2 2011 decreased to 33% versus 44% for Q2 2010.
