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news.China Ruitai has reported sales of $11.72m for the second quarter ended 30 June 2011, an increase of 4.93% compared to $11.17m for the same period in 2010.
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China Ruitai’s net income was $1.37m, compared to net income of $1.42m for the same period in the prior year.
The company’s income from operations was $2.46m for the second quarter ended 30 June 2011, compared to $2.2m for the same period in 2010.
For the six months ended 30 June 2011 sales were $21.31m, compared to $21.41m for the same period in 2010.
Net income was $2.11m for the six months ended 30 June 2011, compared to $3.36m for the same period prior year.
For the six months ended 30 June 2011, the company’s income from operations was $4.01m, compared to $4.87m for the same period in 2010.
China Ruitai chairman Dianmin Ma said they had 4.7% growth in our sales in this quarter compared to the same period last year, driven by improved sales strategy.
"The pharmaceutical products and the PVC products sector we have started to focus have allowed us to gain increased sales volume and higher margins," Ma said.