Posted On: 07/16/2014 9:46:18 AM
Post# of 10
LGHS Financials 07/16/2014 08:46:21
Longhai Steel, Inc.
Period Ending Dec 31, 2011 Dec 31, 2010
Total Revenue 608,038 475,023
Cost of Revenue 589,319 456,446
Gross Profit 18,720 18,577
Operating Expenses
Research and Development - -
Sales, General and Admin. 1,603 2,408
Non-Recurring Items - -
Other - -
Operating Income 17,117 16,168
Income From Continuing Operations
Add'l Income/Expense Items (30) (5)
Earnings Before Interest and Tax 17,086 16,164
Interest Expense 2,382 876
Earnings Before Tax 14,704 15,287
Income Tax 3,510 3,952
Minority Interest - -
Equity Earnings Unconsolidated Subsidiary - -
Net Income Cont. Operations 11,194 11,336
Non Recurring Events
Discontinued Operations - -
Extraordinary Items - -
Effect of Accounting Changes - -
Other Items - -
Net Income 11,194 11,336
Preferred Stock and Other Adjustments - -
Net Income Applicable to Common Shareholders 11,194 11,336
Longhai Steel, Inc.
Period Ending Dec 31, 2011 Dec 31, 2010
Total Revenue 608,038 475,023
Cost of Revenue 589,319 456,446
Gross Profit 18,720 18,577
Operating Expenses
Research and Development - -
Sales, General and Admin. 1,603 2,408
Non-Recurring Items - -
Other - -
Operating Income 17,117 16,168
Income From Continuing Operations
Add'l Income/Expense Items (30) (5)
Earnings Before Interest and Tax 17,086 16,164
Interest Expense 2,382 876
Earnings Before Tax 14,704 15,287
Income Tax 3,510 3,952
Minority Interest - -
Equity Earnings Unconsolidated Subsidiary - -
Net Income Cont. Operations 11,194 11,336
Non Recurring Events
Discontinued Operations - -
Extraordinary Items - -
Effect of Accounting Changes - -
Other Items - -
Net Income 11,194 11,336
Preferred Stock and Other Adjustments - -
Net Income Applicable to Common Shareholders 11,194 11,336
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