Rochester, NY 8/18/2009 9:47:25 AM
Sinoenergy Corporation SNEN - Sinoenergy Announces its Substantially Net Sales on Third Quarter
Sinoenergy Corporation SNEN
The company announces its net loss for the third quarter of $2.45 million or $0.15 per share, as compared to net income of $5.4 million or $0.20 per share for the year-ago quarter.
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Sinoenergy net sales for the third quarter loss 24% to $7.71 million from $10.20 million in the previous year quarter.
The company said it has working capital deficiency of about $11.9 million on June 30, 2009, as compared with positive working capital of approximately $35.0 million at September 30, 2008.
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