SinoTech Energy Limited (Nasdaq:CTE) announced its unaudited financial results for the third quarter of fiscal year 2011. Sales in the third quarter of fiscal year 2011 were US$29.8 million, an increase of 205.1% from the corresponding period in fiscal year 2010. Gross profit in the third quarter of fiscal year 2011 was US$21.2 million, an increase of 187.3% from the corresponding period in fiscal year 2010. Net income in the third quarter of fiscal year 2011 was US$13.2 million, compared to a net loss of US$7.4 million in the corresponding period of fiscal year 2010.

SinoTech Energy Limited provides enhanced oil recovery (EOR) services to oil companies in the People's Republic of China.

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