Watch her climb today!
(RTTNews) - SinoTech Energy Ltd. (CTE) raised sales guidance for fiscal 2011.
The company noted that based on current operating and business conditions, it expects to report total sales in the range of $100 million to $105 million in fiscal 2011, higher than the previously expected range of $90 million to $95 million. Analysts estimate revenues of $96.14 million for the year.
Boxun Zhang, chief financial officer of SinoTech, said, "We are very pleased with our rapid growth, which is driven by the expansion of our LHD fleet and MDF service coverage as well as our team's effective execution. We believe China's pressing need to enhance oil production combined with our steadily expanding capacity to provide reliable EOR services will lead to sustainable growth for the Company in the coming years."
For comments and feedback: contact editorial@rttnews.com
