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Article: Dutton Associates Reiterates Strong Speculative Buy Rating: China Energy Savings: FY 2005 Revenues and Earnings Blow Through Our Estimates; Stock Up On Heavy Volume.
- Article from:
- PR Newswire
- Article date:
- January 4, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EL DORADO HILLS, Calif., Jan. 4 /Xinhua-PRNewswire/ -- Dutton Associates issued a research note on China Energy Savings on December 22, 2005: The year-ended 9/30/05 results were detailed in their just released SEC Form 10-K. For the year ended 9/05, revenues increased 14% to $48.4 and net income for the year, increased 295% to $22.4 million while EPS were $1.04. The increased revenue and earnings for the fourth quarter and year-ended 9/30/05 are positive for China Energy. However, the Company wish to point out that the revenue increase of 14% to $48.4 million was due to the increase in the sale of profit-sharing energy-savings contracts that was $23.0 million in the ...