Sorl Auto Parts (SORL) Misses Q2 EPS by 9c

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Go back to Sorl Auto Parts (SORL) Misses Q2 EPS by 9c

SORL Auto Parts Reports Second-Quarter Financial Results

August 14, 2015 6:00 AM EDT

ZHEJIANG, China, Aug. 14, 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, today announced its unaudited financial results for the second quarter of 2015 and the first six months ended June 30, 2015.

Second Quarter 2015 Financial Highlights

Sales were $59.3 million compared with $65.7 million in the second quarter last year; Gross margin was 27.9% in the second quarter of 2015 compared to 28.2% in the same period of 2014; Net... More