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Nf Energy Saving (NFEC) – Comments & Business Outlook

Tuesday, November 13, 2012 23:10
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(Before It's News)

2012 Third Quarter Results Highlight:

  • For the three and nine months ended September 30, 2012, the total revenues were $1,747,469 and $6, 248, 464, respectively.
  • For the three and nine months ended September 30, 2012, the gross profit was $300,243 and $1,230,532, respectively.
  • For the three and nine months ended September 30, 2012, the net income was $1,016 and $19, 981, respectively.  
  • Net income per Diluted share was $0.00 vs. last years qtr of $0.01.

Speaking on behalf of the company, Mr. Gang Li, Chairman, said: “The construction of our new manufacturing facility will be fully completed by the end of this year. The impact of moving will be also gradually declined. As a result, I believe that revenue will increase commensurate with the increase in production. In addition, the Company’s annual meeting will be held in on December 20 in Tielin city, Liaoning province, PRC. As the chairman of the Company, I invite every shareholder who can to visit our new business park.  We will try our best to increase our market share in order to provide a better return to our shareholders.”



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