Sorl Auto Parts (SORL) Reports Q1 EPS of 2c

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Go back to Sorl Auto Parts (SORL) Reports Q1 EPS of 2c

SORL Auto Parts Reports Higher Sales for the First Quarter of 2016

May 16, 2016 6:00 AM EDT

ZHEJIANG, China, May 16, 2016 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its unaudited financial results for the first quarter of 2016 ended March 31, 2016.

First Quarter 2016 Financial Highlights

Net sales for the 2016 first quarter was $53.8 million, a 3.1% increase over the first quarter of 2015; Gross profit margin was 26.8%; Net Income attributable to stockholders was $0.4 million, or $0.02 per diluted share, compared with $3.1... More