China New Borun Corporation (BORN) Reports Q3 EPS of RMB0.85
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China New Borun Announces Third Quarter 2015 Unaudited Financial Results
November 11, 2015 4:30 PM ESTBEIJING, Nov. 11, 2015 /PRNewswire/ -- China New Borun Corporation (NYSE: BORN; "Borun" or the "Company"), a leading producer and distributor of corn-based edible alcohol in China, today announced its unaudited financial results for the third quarter ended September 30, 2015.Â
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "We are very pleased with Borun's strong third quarter 2015 financial results. Driven by recovering trends in China's baijiu industry, our third quarter's revenue grew 25%, and net income nearly tripled year-over-year. The strong profits combined with a sharp reduction in inventory fueled record... More
