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Article: Chai-Na-Ta Corp. Reports 2009 Second Quarter Results.(Financial report)
- Article from:
- Marketwire Canada
- Article date:
- August 14, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. 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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RICHMOND, BRITISH COLUMBIA, Aug 14, 2009 (Marketwire via COMTEX) -- All figures are in CDN$
Chai-Na-Ta Corp. (OTCBB:CCCFF), one of the world's largest supplier of North American ginseng, today announced a second quarter 2009 net earnings of $1.5 million, or $0.04 per basic share, compared to a net loss of $166,000, or $0.01 per basic share, in the same period last year.
Revenue decreased to $1.8 million in the second quarter of 2009 from $2.5 million in the prior year period. The company has a gross margin of 28% of sales revenue in the 2009 second quarter compared to a gross margin of 1% in the same period last year.
"We have sold 44% of our ...