Ossen Innovation (OSN) Reports FY16 Revenue of $117M
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Ossen Innovation Announces Full Year 2016 Financial Results
April 10, 2017 4:30 PM EDTSHANGHAI, April 10, 2017 /PRNewswire/ -- Ossen Innovation Co., Ltd. ("Ossen Innovation" or the "Company") (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced its financial results for the fiscal year ended December 31, 2016.
"We saw slight dip in 2016 revenues as we continued to scale-back our plain surface PC strands business in light of its gross margin deterioration in recent quarters. However, revenues from the coated products snapped back after a down year in 2015 and grew 14.8% in... More
