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Songzai International Announces Record Full Year 2009 Results
Apr. 20, 2010 12:41PM PST
Industrial Metals Investing
Songzai International Holding Group, Inc. (OTCBB: SGZH), a Chinese leader in coal production and exploration in the People’s Republic of China, reported record financial results for the full year ended December 31, 2009.
Songzai International Holding Group, Inc. (OTCBB: SGZH), a Chinese leader in coal production and exploration in the People’s Republic of China, reported record financial results for the full year ended December 31, 2009.
The press release is quoted as saying:
Full year revenues increased 14% to $64,998,456 for the year ended December 31, 2009 compared to $57,130,098 in 2008, primarily driven by an increase in improved pricing levels. Gross profit was $37,806,265 in 2009 versus $31,453,972 a year ago, an increase of over 20%. Gross profit as a percentage of sales was approximately 58% and 55% in 2009 and 2008, respectively.
Click here to access the entire press release