Sorl Auto Parts (SORL) Tops Q2 EPS by 6c, Reiterates Outlook
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SORL Auto Parts Reports 40% Top Line Growth in the Second Quarter and Diluted Earnings Per Share of $0.78 for the First Six Months of 2018
August 14, 2018 5:00 PM EDTZHEJIANG, China, Aug. 14, 2018 /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, today announced its unaudited financial results for the second quarter of 2018 and the first six months ended June 30, 2018.
Second Quarter 2018 Financial Highlights
Net sales increased 40.1% to $128.5 million compared with $91.7 million in the second quarter last year; Gross profit increased 39.5% and the gross margin was 26.8% in the second quarter of... More