China ACM (CADC) Reports Q3 EPS of $0.47; Issues Q4, FY15 Guidance
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China ACM Reports Third Quarter Fiscal Year 2015 Results, Provides Quarterly Guidance for the Fourth Quarter of Fiscal Year 2015, and Updates the Full Year Guidance for Fiscal Year 2015
May 14, 2015 7:17 AM EDTNEW YORK, May 14, 2015 (GLOBE NEWSWIRE) -- China Advanced Construction Materials Group, Inc. (Nasdaq: CADC) ("China ACM" or the "Company"), a provider of ready-mix concrete and related technical services in China, on May 14, 2015, reported financial results for the quarter ended March 31, 2015, i.e., the third quarter of the fiscal year 2015.
Third Quarter Fiscal Year 2015 Financial Highlights:
Revenue decreased by 27% year over year to $5.1 million; Gross loss of $0.2 million, decreased by $1 million further year over year; Net income of $1.0 million or basic EPS $0.5; $28.9 million in working capital as of March 31,... More