BEIJING (dpa-AFX) - Ossen Innovation Company Ltd. (OSN) revealed a profit for second quarter that dropped from last year.
The company said its profit dropped to $0.30 million, or $0.02 per share. This was lower than $1.30 million, or $0.07 per share, in last year's second quarter.
The company said revenue for the quarter fell 9.4% to $23.43 million. This was down from $25.86 million last year.
Ossen Innovation Company Ltd. earnings at a glance:
-Earnings (Q2): $0.30 Mln. vs. $1.30 Mln. last year. -Earnings Decline (Y-o-Y): -76.9% -EPS (Q2): $0.02 vs. $0.07 last year. -EPS Decline (Y-o-Y): -71.4% -Revenue (Q2): $23.43 Mln vs. $25.86 Mln last year. -Revenue Change (Y-o-Y): -9.4%
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