Sorl Auto Parts (SORL) Tops Q4 EPS by 24c
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SORL Auto Parts Reports Approximately 40% Rise in Net Income in the Fourth Quarter of 2016
March 31, 2017 6:00 AM EDTZHEJIANG, China, March 31, 2017 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL)Â ("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 financial results for the fourth quarter of 2016 and the year ended December 31, 2016.
Fourth Quarter 2016 Financial Highlights
Net sales for the 2016 fourth quarter rose 45.7% to $82.9 million from $56.9 million; Operating margin was 12.9% as compared to 10.8% in the fourth quarter of 2015; Net Income attributable to stockholders was $8.3 million,... More