Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

And who do you think that reads this board, is not aware that Hrct's subs are generating 250 million but Hrct will not be able to include them all until later?..Hrct has acquired companies that have revenue of 250 million....You are stretching!..lol


Remember this PR?..Sorta makes it pretty clear..imo..Aloha

For the first 10 months of 2003, Challenger recorded combined revenue of RMB 448 mil (US$54.4
Million) and profit of RMB 8.4 mil (approx. US$1.0 Million). Projected revenue and net profit for
2003 are RMB 537.6 Million (US$ 65.2 Million) and RMB10.1Million (US$1.22 Million),
respectively. The 5 Hartcourt subsidiaries, Huaqing, Guowei, Newhuasun, Zhongnan, and
Pengyang, are projected to reach RMB 1,530 Million (US$185 Million) in revenue and RMB 26
Million (US$ 3.2 Million) in net profit in 2003. The consolidated revenue and earning of these two
groups on an annualized basis would be US$ 250.2 Million in revenue and US $4.19 Million in net
profit.