China Growth Stocks

[Rames]

CGPI - outstanding sales once again

http://www.earthtimes.org/articles/press/plot-sales-october-2010,1558534.html

China Redstone sold 643 cemetery plots in October 2010, representing an increase of 20% from September 2010 and 8.1% from the same period last year. The average selling price was $7,341 per plot, an increase of 40.7% from $5,218 last year. "We have built very positive momentum through the first seven months of our fiscal year. Our customers' strong preference for premium plots reflects an emerging trend for the past few years. As incomes rise and demand for premium products exceed the available supply, sales of cemetery plots should remain robust. We are encouraged by the outstanding performance during the first half of fiscal 2011, as reflected in our plot sales and average selling prices coming in at the high end of our full year targets. Furthermore, we expect the strong results to continue for the remainder of the year. Our strong, recurring cash flows and fortress balance sheet provides us with sufficient capital to support our organic growth for many years to come."