Logistics Sector opportunity in China
Chlo and Grand Power gpw.v are in the same biz. I have imported some info from gpw.v 3rd quarter for all to see. Chinese exports have risen significantly last month and both companies should benefit. I own both which is why I mention this here.
"The company's operating results in 2012 continued to improve in comparison to those in 2011, with the company's sales revenue in the third quarter increased by 39% to $15,668,187 compared to $11,273,930 in 2011. In the third quarter of 2012, the company had a net loss of $15,299 compared to a net loss of $182,617 for the third quarter of 2011. Gross profit margins remained relatively the same," said Mr. Ricky Chiu, President and CEO of Grand Power. "The current business environment in the logistics sector still continues to be relatively weak and competitive as the global economy is still facing many challenges. Nevertheless, the company has reduced its overhead cost structure significantly over the past few years and is in a strong position to benefit as and when the world economy recovers."
