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Guanwei Recycling Posts Higher FY11 Profit

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3/30/2012 1:14 PM ET

Guanwei Recycling Corp. (GPRC) reported full-year 2011 net income of $12.8 million or $0.64 per share, up from the previous year's $9.9 million or $0.50 per share.

Net revenues for the full year 2011 increased 34 percent to $63.6 million from $47.5 million the previous year.

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