China Shengda Packaging Group Inc fka CPGI

[Stingray]

I'll be the first to bookmark this one...lol

Talk about a hidden gem!

http://finance.yahoo.com/news/China-Shengda-Packaging-Group-prnews-3225908079.html?x=0&.v=1

Press Release Source: China Shengda Packaging Group Inc. On Monday March 28, 2011, 8:30 am EDT


HANGZHOU, China, March 28, 2011 /PRNewswire-Asia-FirstCall/ -- China Shengda Packaging Group Inc. (Nasdaq:CPGI - News), a leading Chinese paper packaging manufacturer, today announced its financial results for the three and twelve months ended December 31, 2010.

Full Year 2010 Highlights

Revenue increased 37.4% to $130.1 million from $94.7 million last year
Gross profit increased 43.5% to $36.5 million from $25.4 million last year
Gross margin increased 120 basis points to 28.1% from 26.9% last year
Net income attributable to common stockholders increased 59.1% to $19.3 million from $12.2 million last year
Diluted earnings per share increased 43.2% to $0.63 from $0.44 last year
Cash flow from operations increased 18.7% to $20.0 million from $16.8 million last year


Fourth Quarter 2010 Highlights

Revenue increased 54.1% to $38.2 million from $24.8 million in the same period last year
Gross profit increased 55.7% to $10.8 million from $6.9 million in the same period last year
Gross margin increased 20 basis points to 28.1% from 27.9% in the same period last year
Net income attributable to common stockholders increased 55.4% to $5.3 million from $3.3 million in the same period last year
Diluted earnings per share increased 33.3% to $0.16 from $0.12 in the same period last year