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China Green Agriculture Reports Decreased Sales, Increased Profits

6:04 AM MDT | September 13, 2012 | Sotirios Frantzanas

China Green Agriculture (CGA; Xian, China) says net sales decreased 4.9% in its fiscal fourth-quarter ended June 30, 2012, to $57.3 million, compared with $60.3 million in the prior-year period. Net profits, however, increased 17.9% in the fourth quarter of fiscal 2012, to $11.1 million, compared with $9.4 million in the corresponding period of the previous fiscal year, the company says. CGA's earnings per share (EPS) and operating profits also increased 8.9% and 16.8% in the fiscal fourth-quarter, to 41cts and $14.6 million, respectively. Net sales and net...

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