China Growth Stocks

[advalorem]

CAGC! That is very impressive....

6:32AM China Agritech increases net revenues and net income guidance for 2009 (CAGC) 14.75 : Co announces it is increasing its annual net revenue and net income guidance for the year ended December 31, 2009. This increase in guidance follows a 56.9% increase in net revenues and 91.2% rise in net income for the second quarter ended June 30, 2009. The co is now expecting net revenue for the year 2009 to be as high as $70 mln versus the previous guidance of over $60 mln. The revised guidance for net income is approx $12.5 mln compared with the previous net income guidance of $9.5 mln. Diluted earnings per share are now expected to approximate $1.88, based on the current average number of diluted shares outstanding. The new guidance represents almost a 55% increase for net revenues and around a 45% rise for net income over the year 2008 results. "We are gratified with the success of our new regional production facilities and our expanded line of organic fertilizers. We now offer farmers more solutions to grow their crops and improve soil fertility. We may also benefit from the Chinese government's promotion of organic food and therefore organic fertilizers, as well as from the measures enacted to improve farmers' wealth."