Origin Agritech Limited (SEED) Reports 75% Increase in Q3 EPS
Read the full article: http://blog.qualitystocks.net/?p=12006
Origin Agritech Limited (SEED), a supplier of natural and genetically-modified crop seeds in China, reported fiscal third quarter 2008 financial results this afternoon during extended trading. Revenues increased 7.7% to RMB 490.7 (US $71.5 million), compared to RMB 455.5 (US $59.8 million) for the same period in 2007. Net income increased 63% to RMB 60.1 million (US $8.8 million) year-over-year from RMB 36.9 million (US $4.9 million). Earnings per share were US $0.38 vs. US $0.20 in Q3 2007.
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