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Longwei Petroleum Announces Record Revenue and Earnings Results


Longwei Petroleum Investment Holding Ltd. (LPH) today announced its financial results for the fiscal year ended June 30, 2010.

Fiscal Year 2010 Financial Highlights: (Year-over-Year Results)

-- Revenues increased 74% to $343.2 million

-- Net Income increased 131% to $50.2 million

-- EPS increased 39% to $0.39 per Fully Diluted Share

-- Adjust EPS increased 61% to $0.45 per Fully Diluted Share
(Adjusted net of derivative and financing expenses)

-- Working Capital increased $56.0 Million or 72% to $134.2 Million

Posted-In: Earnings News


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