Our net income for the three months ended March 31, 2011 was $359,047 compared to $139,117 for the same period in 2010, an increase of $219,930 or 158.1%.
Net income as a percentage of revenue was 11.2% for the three months ended March 31, 2011, while it was 4.6% for the same period in 2010.
This increase in net income was attributable to increased sales and more efficient control over the selling expenses and general and administrative expenses, which resulted in increased efficiency and profitability of our operations.
My thoughts and opinions should not be construed as investment advice.