China Growth Stocks

[tbirdman]

PSOF - Pansoft Announces Unaudited Fiscal First Quarter 2011 Financial Results
Revenues and EPS Increase 59% and 44% Year-Over-Year

JINAN, CHINA -- (MARKET WIRE) -- 11/16/10 -- Pansoft Company Limited (PSOF:$5.00,00$0.01,000.20%) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced unaudited financial results for the fiscal first quarter ended September 30, 2010.
Highlights for the Fiscal First Quarter of 2011:
Revenues were $3.5 million, an increase of 59.0% compared to $2.2 million for the three months ended September 30, 2009
Gross profit was $1.7 million, an increase of 45.6% compared to $1.2 million in the year-ago period
Gross margin was 48.9%, compared to 53.4% in the year-ago period
Operating profit was $1.1 million, an increase of 55.2% compared to $0.7 million in the year-ago period
Net income was $1.0 million, an increase of 44.3% compared to $0.7 million in the year-ago period
Diluted earnings per share were $0.18, an increase of 43.6% compared to $0.13 in the year-ago period