China Shengda (CPGI) Reports Q1 EPS of $0.34

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Go back to China Shengda (CPGI) Reports Q1 EPS of $0.34

China Shengda Packaging Group Inc. Reports First Quarter 2015 Financial Results

May 15, 2015 4:05 PM EDT

HANGZHOU, China, May 15, 2015 /PRNewswire-FirstCall/ -- China Shengda Packaging Group Inc. (NASDAQ: CPGI) ("Shengda" or the "Company"), a leading Chinese paper packaging company, today reported its financial results for the first quarter ended March 31, 2015. 

Mr. Daliang Teng, Chief Executive Officer of Shengda, commented, "While Q1 historically had been a light quarter for our business due to the Chinese New Year, we managed to grow our overall revenues by 17.5%  year-over-year mainly because our subsidiaries Shengda Zhongtian and Shengda Concept started to contribute in the first quarter of 2015. Gross margin... More