Sutor Technology Group Limited (SUTR) reported that its second-quarter net income was $2.78 million or $0.07 per share, compared to $2.93 million or $0.07 per share in the same quarter last year.
Revenue was approximately $107.9 million, compared to $99.4 million for the same period last year, an increase of approximately 8.6%.
The company said that it maintained its previously announced anticipation that both revenue and net income of the Company will grow at a compound annual growth rate of approximately 25% to 35% for the next two fiscal years.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.