Wuhan Youji Industries (OTCBB:CGRH Message Board) Reports First Nine Months 2005 Revenue Increase of 53%; Net Income Increased 136% in the First Nine Months Compared to Last Year
CGRH Wuhan Youji Industries Co., a leading Asian manufacturer of organic chemical products, reported results for the nine months ended September 30, 2005. The company reported third quarter sales of $19.6 million, an increase of 56.7% from $12.5 million in sales for the same period of 2004. Gross profit for the quarter ending September 30, 2005 rose to $2.7 million, an increase of 17.5% from the $2.3 million in gross profit the company generated in the third quarter of 2004. The company reported net income of $275,000 for the three months ended September 30, 2005, a 14.1% increase over the $241,000 the company earned over the same period of 2004.
For the nine months ended September 30, 2005, sales totaled $63.9 million, a 52.6% increase over the company's sales of $41.8 million in the same period of 2004. Gross profit for the first three quarters of 2005 rose to $9.3 million, an increase of 29.3% from approximately $7.2 "