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L&L International Holdings Announces Preliminary Estimates for Third Quarter Fiscal Year 2009 and Sets Earnings Announcement Date
Mar 4, 2009 9:00:00 AM
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View Additional ProfilesSEATTLE, March 4 /PRNewswire-FirstCall/ -- L&L International Holdings, Inc. (OTC Bulletin Board: LLFH), a leading coal mining and coal distribution company, today announced preliminary estimates for results of its third quarter of fiscal year 2009, ended January 31, 2009.
Based on preliminary information, revenue for the three-month period ended January 31, 2009, is expected to be approximately $11.5 million, an approximate 37% increase from the prior year's third quarter of $8.03 million. Net profit for the three-month period ended January 31, 2009, is expected to reach $2.97 million, a 356% increase from the prior year's third quarter of $652,920, subject to auditors review. The growth in net profit is largely attributable to increased sales for the company's subsidiaries, L&L Coal and Kunming Coal (KMC), operating in the Yunnan Province in China.
Chief Executive Officer, Dickson Lee, stated: "I am very pleased with both our earnings and revenue growth during the third quarter. I expect continued growth in 2009."
