China New Borun Corporation (BORN) Reports Q4 EPS of RMB2.07
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China New Borun Announces Fourth Quarter and Full-Year 2015 Unaudited Financial Results
March 14, 2016 4:30 PM EDTBEIJING, March 14, 2016 /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 fourth quarter and full-year ended December 31, 2015.Â
Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "We are thrilled with our strong fourth quarter of 2015 financial results, as revenue grew by nearly 15% year-over-year, gross margin expanded by 40 basis points, and net income rose by nearly 300% year-over-year, benefiting from our leadership position and positive government support."
"Demand for... More
