CNOA announces their Sales for the nine months ending September 30, 2009 totaled $106.4 million compared to $53.9 million for the same period last year. This increase of $52.5 million is attributable to the Company's acquisition of 60% of the equity of Dalian Huiming Industry Ltd. ("Dalian Huiming") in October 2008, which accounted for the substantial revenue escalation for the nine-month period.
The basic and diluted earnings per share for the third quarter attributable to CNOA's shareholders were $0.06, compared to last year's third quarter results of $0.15 per share, and the basic and diluted earnings per share for the nine months ended on September 30, 2009 attributable to CNOA's shareholders were $0.15 as compared to $0.16 per share in the comparable prior year period. The 2008 quarter and nine months results exclude $0.02 and $0.03 per share, in that order, from terminated operations. A former operating subordinate of the Company, ErMaPao, was sold effective September 30, 2008 and its outcomes are now classified as suspended operations in the attached schedules.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
China Organic Agriculture, Inc. (OTC Bulletin Board: CNOA ; "China Organic Agriculture" or the "Company"), a global diversified food products company engaged in the trading and distribution of agricultural products headquartered in the
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
