Gross profit for the first quarter was $675,302 in 2007, an increase of $237,604, a 54.28% increase year-over-year in 2006;
Gross profit for the second quarter was $931,199 in 2007, an increase of $517,602, a 125.15% increase year-over-year in 2006;
The main reason for the increase is driven by the growth of the main business revenue.
(3) Profit after tax
Profit after tax for the full year of 2006 reached $690,886, an increase of $771,710, a 955% increase year-over-year in 2005. After tax profit rate reached 24.55%, or $0.01 per share.
Profit after tax for the first quarter reached $442,170 in 2007, an increase of $383,804, a 658% increase year-over-year in 2006, or $0.01 per share.
Profit after tax for the second quarter reached $819,971 in 2007, an increase of $598,815 and a 271% increase year-over-year in 2006.
Meanwhile, we should also consider that the sale of profit return is
not yet calculated to the operating expenses ended on June 30, 2007, plus
the costs of the $200,000, after-tax profit for the first and second
quarter of this year, there is still a significant level of improvement.
The main reason for the increase is:
a. Rapid rate of main business revenue growth.
b. We have to control the costs and reduce unnecessary administrative
costs, in addition to the financial costs that have increased over the
same period, operating expenses, management costs and the main business
revenue ratio has also been reduced.
c. Re-refined sales market, the company no longer belongs to the low end
of the input-output ratio of the market and has entrusted agents to
manage this portion to improve the ratio of return, so that we have
more energy to the high-end services market, and marketing costs has
|SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.|
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