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Longwei Petroleum Announces Record Revenue and Earnings Results

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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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