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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