Earning per share 64 cents
-- 2011 net revenues increased 34% to a record $63,600,678 from
$47,534,645 a year earlier.
-- Net income in 2011 grew 29% to a record $12,793,448, or $0.64 per
diluted share, compared with $9,927,396, or $0.50 per diluted share in
2010.
-- The Company's annual combined raw material import quota was increased
to 99,000 tons in 2011 and 115,000 tons in 2012.
-- Production capacity was expanded to 80,000 tons from 65,000 tons.
-- Short term debt was paid off and working capital increased at year end
to $23.8 million from $13.4 million a year earlier.
-- With new equipment and improved facilities, product quality was
enhanced while the Company maintained its pricing advantage over
virgin plastic.
