Thanks for the clarification, Jo. The prospects for this company still seem very good, but it has completely fallen out of interest around here and other boards. I just wrote the IR man and hope to get some meaningful feedback from him shortly. The forward looking statements the company made when they announced their 2Q results were very robust indeed:
Business Outlook
China Clean Energy's Jiangyin plant produced 4,376 tons specialty chemicals and 4,961 tons biodiesel in the second quarter 2010, representing 58% and 50% of the estimated full capacity. Jiangyin plant's output in the quarter accounted for 72.1% in total volume and 61.7% in total revenue. Management continues to expect ramp-up of the new plant to full capacity by the end of the year 2010.
Mr. Ou added, "Looking ahead, we expect the macroeconomic environment to remain positive and demand for our products to remain strong in the second half of the year. Based on our existing order book and the positive feedback from our clients, we expect to deliver revenue of approximately $15.3 million in the third quarter 2010, representing an increase of approximately 283% over the third quarter 2009. The operating income is expected to reach $2.4 million, representing an increase of approximately 700% over the third quarter 2009. As for the full year 2010, our revenue is expected to reach $57 million, representing a year-over-year increase of 258%; our operating income is expected to reach $8.2 million, representing a year-over-year increase of 811%."
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