WEMU makes .25/sh
Worldwide Energy and Manufacturing USA Announces Third Quarter 2009 Financial ResultsNet Income up 67.1% Over Third Quarter 2008; Gross Profit up 106% Over Same Period of 2008; Nine Months Net Income up 13.6% Over Same Period of 2008; Nine Months Revenue up 25% Over Same Period of 2008
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA, Nov 05, 2009 (MARKETWIRE via COMTEX) --
Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced financial results for the third quarter ended September 30, 2009. A conference call to discuss these results is scheduled for Thursday, November 5, 2009 at 4:05 p.m. Eastern time (1:05 p.m. Pacific time). Details on accessing the call follow below.
Highlights of Third Quarter Results
-- Shipments of solar modules increased by approximately 2.99 MW for the
period ended September 30, 2009 compared to the same quarter of 2008.
-- Solar module revenues were $15.53 million compared to solar module
sales of $15.78 million for the same quarter of 2008.
-- EBITDA was $0.42 per share or $1.53 million compared to $0.18 per
share or $560,974 for the same period of 2008.
-- Net Income was $903,357 or $0.25 per share for the quarter compared to
$540,608 or $0.17 per share in the September quarter of 2008, an increase
of approximately 67%.
-- Net income before tax was $1.43 million compared to $555,237 in the
quarter ended September 30, 2009 and September 30, 2008, respectively, an
increase of $873,636 or approximately 157%.
Just when I thought I'd seen it all:
AI
