China Organic Agriculture, Inc. (OTC:CNOA) has announced financial results for the quarter ended September 30, 2009. Sales revenue and gross profit were at $39.7 million and $11.1 million. The revenue and profit were down fifteen percent from the previous year’s results during the same period.
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Sales revenue and gross profit for the nine months were $106.4 million and $26.4 million showing an increase of 97.4% and 103.8% respectively from the previous year. Selling, general and administrative expenses were down 9.5% from last year. Earnings per share were $0.06, lower than the previous year’s $0.15.
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