China Green Agriculture (CGA) Reports Q2 EPS of $0.12

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Go back to China Green Agriculture (CGA) Reports Q2 EPS of $0.12

China Green Agriculture Reports the Second Quarter Fiscal Year 2016 Financial Results With Revenue Beating the Guidance, Net income Meeting the Guidance

February 5, 2016 6:40 AM EST

XI'AN, China, Feb. 5, 2016 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or the "Company"), a company mainly produces and distributes humic acid-based compound fertilizers, varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced its financial results for the second quarter ended December 31, 2015 and guidance on revenues and net incomes of the Third Fiscal Quarter 2016 and Fiscal Year 2016.

Highlights:

Net sales increased 5.4% to $57 million; Net income decreased 18.2% to $4.3 million with EPS of $0.12. Guidance for Third Quarter of Fiscal Year 2016: Revenue of $75 million to $80... More