China Automotive Systems (CAAS) Tops Q4 EPS by 2c; Issues Light FY16 Revenue Outlook
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China Automotive Systems Reports Fourth Quarter and Fiscal 2015 Results
March 30, 2016 6:00 AM EDTWUHAN, China, March 30, 2016 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for fiscal year ended December 31, 2015.
Fourth Quarter 2015 Highlights
Net sales were $120.1 million, compared to $135.3 million in the fourth quarter of 2014. Gross margin was 16.8%. Net income attributable to parent company's common shareholders was $6.9 million, or diluted earnings per share of $0.22, compared to net income... More