THT Heat Transfer Tech (THTI) Reports Q3 EPS of $0.01
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THT Heat Transfer Technology, Inc. Announces Third Quarter 2015 Results
November 16, 2015 8:50 AM ESTSIPING, China, Nov. 16, 2015 /PRNewswire/ -- THT Heat Transfer Technology, Inc. (NASDAQ:THTI, "the Company", or "THT"), a leading provider of heat exchangers and heat exchange solutions in China's clean technology industry, today announced its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015Â Financial Highlights
Sales revenue decreased by 20.7% year-over-year to US$12.6 million. Gross profit decreased by 54.2% year-over-year to US$2.6 million. Gross margin was 20.3%, compared with 35.1% for the third quarter of 2014. Operating income decreased by 93.8% year-over-year to US$0.2 million. Net income... More