China Industrial Waste Management Announces 2010 Third Quarter Financial Results 11/15 04:03 AM
DALIAN, China, Nov. 15, 2010 /PRNewswire-Asia-FirstCall/ -- China Industrial Waste Management, Inc. (CIWT:$1.70,00$0.00,000.00%) , a leading environmental services and solutions provider in China, today announced its results for the three and nine months ended September 30, 2010.
Third Quarter Highlights
Revenues increased 47.6% to $4.6 million compared to the third quarter of 2009
Gross profit increased 24.0% to $2.4 million
Operating income increased 69.9% to $1.3 million
Operating margin increased to 29.1% from 25.3%
Net income increased 46.8% to $1.0 million, or $0.06 per diluted share, compared to $0.7 million, or $0.05 per diluted share for the same period last year.
