logo
Share SHARE
FONT-SIZE Plus   Neg

Guanwei Recycling Posts Higher FY11 Profit

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
British lender Lloyds Banking Group Plc. Friday reported higher profit in its first half, benefited by increased net interest income and margin as well as lower impairment. Looking ahead, the company lifted its net interest margin forecast. Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood...
comments powered by Disqus
Follow RTT