AGORACOM Small Cap TV - February 14h - Highlights
posted on
Feb 14, 2011 08:59AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s February 11th, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Nutrifruit Group Limited Announces Strong Third Quarter Fiscal Year 2011 Results
China Nutrifruit Group Limited (NYSE Amex: CNGL) ("China Nutrifruit" or "the Company"), a leading producer of premium specialty fruit based products in China ("PRC"), today announced its financial results for the period ended December 31, 2010, which represents the third quarter of fiscal year 2011.
Third Quarter Fiscal Year 2011 Highlights
Nine Months Fiscal Year 2011 Results
For the nine months ended December 31, 2010, net sales were $55.0 million, up 18.2% from $46.5 million in the nine months ended December 31, 2009. Net sales from concentrate juice products, which accounted for 48.5% of total net sales in the first nine months of fiscal 2011, were $26.7 million, up 32.7% from $20.1 million during the comparable period a year ago.
Gross profit increased 16.5% to $25.4 million from $21.8 million a year ago. Gross margin was 46.1% in the first nine months of fiscal year 2011 compared to 46.8% in the comparable period a year ago. Income from operations was $20.5 million, up 21.6% from $16.8 million last year. Net income for the nine months ended December 31, 2010 was $15.2 million, or $0.38 per diluted share, compared to $12.5 million, or $0.33 per diluted share in the same period of fiscal 2010.
About China Nutrifruit Group Limited
Through its subsidiary Daqing Longheda Food Company Limited, China Nutrifruit, is engaged in developing, processing, marketing and distributing a variety of food products processed primarily from premium specialty fruits grown in Northeast China, including golden berry, crab apple, blueberry, seabuckthorn, blackcurrant and raspberry. The Company's processing facility possesses ISO9001 and HACCP series qualifications. Currently, the Company has established an extensive nationwide sales and distribution network throughout 17 provinces in China.
Last Trade: 3.3052 Week: 4.60 – 2.48Market Cap: 121.42 Million
Link to HUB
China Sunergy Signs 4400 MW Long Term Wafer Supply Agreement with GCL-Poly
China Sunergy Co., Ltd., (Nasdaq:CSUN - News) ("China Sunergy" or the "Company") a specialized solar cell and module manufacturer based in Nanjing, China, announced today that it has entered into a long-term wafer supply agreement with GCL-Poly Energy Holdings Limited ("GCL-Poly") (SEHK:3800.hk - News).
Under the terms of the agreement, GCL-Poly will supply China Sunergy with an aggregate of approximately 4,400 MW of wafers over six years. Delivery of wafers will commence in February 2011 for completion in December 2016. The agreement also contains a clause for a price adjustment mechanism based on wafer market price.
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. (Nasdaq:CSUN - News) ("China Sunergy") is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets.
Last Trade: 4.4552 Week: 4.99 – 3.40Market Cap: 198 Million
Link to HUB
Sen Yu International Holdings Inc. Reports Higher Revenues and Net Income
Sen Yu International Holdings, Inc. (OTCBB: CSWG) (OTCQB: CSWG), a leading producer and distributor of breeding and commercial hogs in the People's Republic of China, today reported higher revenues and net income increased 32% to $7.03 million for the quarter ended
December 31, 2010 from $5.32 million for the quarter ended December
31, 2009
--Gross profit increased 26% to $12.37 million for the six months ended
December 31, 2010 from $9.81 million for the six months ended December
31, 2009
--Net income, net of change in fair value increased 22% to $0.44 per share for
the quarter ended December 31, 2010 from $0.36 per share for the same
period ended December 31, 2009
--Diluted earnings per common share decreased 50% to $0.67 per share for
the six months ended December 31, 2010 from $1.33 per share for the
same period ended December 31, 2009
--Net revenues increased $6.08 million or 26% to $29.08 million for the
quarter ended December 31, 2010 from $22.99 million for the same
period ended December 31, 2009. Net revenues increased $7.75 million
or 17% to $52.64 million for the six months ended December 31, 2010
from $44.89 million for the same period ended December 31, 2009.
About Sen Yu International, Inc.
Based in Northeast China, Sen Yu International, Inc. (OTCBB: CSWG) (OTCQB: CSWG) is a leading producer and distributor of breeding and commercial hogs engaged in the research, development and sale of breeding stock of swine and the sale of their mature offspring in the PRC.
Last Trade: 2.14.201152 Week: 9.00 – 1.10Market Cap: 44.71 Million
XO Communications Awarded $45 Million Contract From U.S. Postal Service
XO Communications (OTCBB: XOHO) today announced that it has been awarded a six-year contract with the expected potential revenue of $45 million to provide managed network services to the US Postal Service facilities under the Telecom Integrated Postal Network (TIPN) contract.
Under the terms of the multi-vendor agreement, XO Communications will provide managed network services, including design and engineering, onsite installation, router management, and managed MPLS IP-VPN services to more than 1,400 U.S. Postal Service facilities.
XO Communications Will Provide Managed Network Services to 1,400+ USPS Locations
About XO Communications XO Communications, a subsidiary of XO Holdings, Inc. (OTCBB: XOHO), is a leading nationwide provider of advanced broadband communications services and solutions for businesses, enterprises, government, carriers and service providers. Its customers include more than half of the Fortune 500, in addition to leading cable companies, carriers, content providers and mobile network operators
Last Trade: 0.7152 Week: 0.819 – 0.57Market Cap: 129.27 Million