CAAH on radar great financials and the accumulation to push it over .04. The bottom is in should start up trending just a waiting game now as people pick it up on their scanners.
China America Holdings Reports Financial Results for the First Six Months of Fiscal 2010 Ended March 31, 2010
9:22a ET May 24, 2010 (Market Wire)
China America Holdings, Inc. (OTCBB: CAAH), a holding company operating in China that owns 56% of China based subsidiary Shanghai Aohong Chemical Co., Ltd, announced today the Company's financial results for the second quarter and first six months of fiscal 2010 ended March 31, 2010.
Financial Highlights
For the second quarter of fiscal 2010 total revenues were $8.7 million, up 39% from the $6.2 million recorded in the six months ended March 31, 2009. For the first six months of fiscal 2010 we recorded revenues of $19.8 million with a net loss that narrowed to ($6,000), up from revenues of $14.1 million and a net loss of ($669,000) in the six months ended March 31, 2009. We recorded a net loss of ($189,000) in the second quarter of fiscal 2010 as compared to ($207,000) in the three months ended March 31, 2009. This resulted in EPS of ($0.00) per diluted and basic share in both periods.
