SORL Auto Parts (SORL) Reports In-Line Q1 EPS

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Go back to SORL Auto Parts (SORL) Reports In-Line Q1 EPS

SORL Auto Parts Reports Increased Sales and Net Income in the First Quarter of 2015

May 15, 2015 5:00 AM EDT

ZHEJIANG, China, May 15, 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 unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Financial Highlights

Revenues for the first quarter of 2015 increased by 4.4% to $52.2 million; International sales rose by 27.5% and aftermarket sales rose by 18.0%; Gross margin declined to 26.3% in the first quarter of 2015; Net Income increased by 10.1%... More