|
|
Article: Xinyinhai Announces Financial Results For The Year Of 2008.
- Article from:
- PR Newswire
- Article date:
- March 31, 2009
CopyrightCOPYRIGHT 2009 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)
|
Revenues Increased By 12%
Net Income Increased By 14.67%
HARBIN, China, March 31 /PRNewswire-Asia/ -- Xinyinhai Technology, Ltd. (BULLETIN BOARD: XNYH) , a market leader in China's fast-growing financial documents printing industry, today reported financial results for the year ended December 31, 2008.
Full Year 2008 Highlights
-- Revenues grew 12% year-over-year to a record $13.68 million
-- Gross profit increased to $5.02 million with gross margin of 36.70%
-- Net income grew 14.67% to a record $3.03 million, or $0.15 per
fully-diluted share
Revenue for the full year 2008 increased by 12% to $13.68 million, from ...