QIAO XING SALES UP 30.9% IN HALF-07
AsiaInfo Services, November, 2007
AsiaInfo Services 11-16-2007 Qiao Xing Sales Up 30.9% in Half-07 HUIZHOU, Nov 16, 2007 (SinoCast via COMTEX) -- Nasdaq-traded Chinese telephone manufacturer Qiao Xing Universal Telephone, Inc. (NASDAQ: XING) said that its net sales for the first half of 2007 reached CNY 1.8576 billion, or USD 244 million, soaring 30.9% year on year. The pretty sales should be mainly attributed to hot response of worldwide consumers to its favorable CECT mobile phones, said the Guangdong-headquartered company in a November 15 statement. Its gross profit was CNY 496.4 million, or CNY 65.2 million, rocketed 95.4% from the period a year ago.
Operating profit rose 199.6% to CNY 368.1 million, or USD 48.4 million. Basic earnings per ordinary share reached CNY 21.53, or USD 2.83...
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