Pearl River 2015 Financial Results
(firmenpresse) - LONDON, ONTARIO -- (Marketwired) -- 05/11/16 -- Mr. George Lunick, CEO of Pearl River Holdings Ltd. ("Pearl River") (TSX VENTURE: PRH), reports on its financial results for the 12 months ended December 31, 2015.
Revenue for the 12 months ended December 31, 2015 was 242,981,483 RMB down 3.6% from the comparative prior period. Net earnings for the year were 6,250,805 RMB up 1,804,117 RMB or 40.6% from the comparative prior year.
Gross profit for the year was 55,951,408 RMB, 22.6% of revenue compared to 20.0 % in the prior 12 months, an increase of 5,493,439 RMB over the prior period. Expenses for the year were 47,731,219 RMB, 19.6% of revenue, up from 17.8% in the comparative prior period.
The following table provides highlights for the year with prior year comparisons.
Notes:
Mr. Lunick said: "2015 was a record profit year. Gross profits were higher in RMB and as a percentage of sales. The increase was a direct result of efforts of staff at every level in the organization. We will continue to push for new revenues and additional profitability."
About Pearl River
Pearl River Holding, through its subsidiary, the principal business is the manufacturing and distribution of plastic products in China, Australia and the United States of America.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Pearl River Holdings Ltd.
George Lunick
CEO
(519) 645-0267
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2016 - 11:26 Uhr
Sprache: Deutsch
News-ID 1434370
Anzahl Zeichen: 3434
contact information:
Contact person:
Town:
LONDON, ONTARIO
Phone:
Kategorie:
Plastics and fibers
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 409 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Pearl River 2015 Financial Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Pearl River Holdings Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
