Sorl Auto Parts (SORL) Tops Q4 EPS by 8c; Issues Confident FY15 Revenue Outlook
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SORL Auto Parts Reports Record Sales For the 2014 Fourth Quarter and Year
March 31, 2015 5:26 AM EDTZHEJIANG, China, March 31, 2015 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its financial results for the fourth quarter of 2014 and the year ended December 31, 2014.
Fourth Quarter 2014 Financial Highlights
Net sales for the fourth quarter increased by 14.4% to a fourth quarter record high of  $63.2 million; Gross profit increased 23.5% with a gross margin of 27.7% compared with 25.6% in the fourth quarter of 2013;... More