HRBN
(COMTEX) B: Harbin Electric Reports Record Revenues and Operating Profits
or the First Quarter 2008 -- Sales Grew 65% Year-Over
B: Harbin Electric Reports Record Revenues and Operating Profits for the First Q
arter 2008 -- Sales Grew 65% Year-Over-Year ( PR Newswire )
HARBIN, China, May 9, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ --First
Quarter 2008 Financial Highlights
-- Total revenues were $22.5 million, an increase of 65% compared to
$13.6 million in the first quarter of 2007
-- Operating profit was $8.6 million, up 68% compared to the first quarter
2007
-- Net income was $5.4 million, a 57% increase from the first quarter of
2007
-- Diluted EPS were $0.27, compared to $0.19 for the first quarter 2007
-- Automobile micro-motors business exceeded expectations with
approximately $9 million in revenues
