China Growth Stocks

[Deewar25]

this doesn't jive with the numbers I find..wheres the negative net income growth?

Here is the financial data: “In the fiscal years ended March 31, 2008, 2009 and 2010, our revenue was RMB153.6 million, RMB199.0 million and RMB280.5 million ($41.4 million), respectively, representing a compound annual growth rate, or CAGR, of 35.1%. Our profit for the year increased from RMB38.4 million in the fiscal year ended March 31, 2008 to RMB60.4 million in the fiscal year ended March 31, 2009 and to RMB110.2 million ($16.3 million) in the fiscal year ended March 31, 2010, representing a CAGR of 69.4%. For the three months ended June 30, 2010, our revenue was RMB83.3 million ($12.3 million) and our profit was RMB23.5 million ($3.5 million), compared to revenue of RMB53.8 million and profit of RMB28.3 million for the three months ended June 30, 2009.”

Read more: Le Gaga IPO Filing: Chinese Vegetable Producer (GAGA, WMT) - 24/7 Wall St. http://247wallst.com/2010/10/08/le-gaga-ipo-filing-chinese-vegetable-producer-gaga-wmt/#ixzz13lbm557k