China Direct Industries, Inc. (CDII) FY11 Financials Report Shows Solid Growth, Positive Leading Indicators in Fundamentals
Today, China Direct, a veritable clearinghouse for investment capital interests and management logistics based in the US, which serves the small- to mid-sized business sector of the PRC and produces/distributes to both markets (largely industrial products), reported excellent financials for FY11 (period ending Sept. 30). Let’s take a look at a quick breakdown of the salient data points from the report: • Revenue up 66.6% to $187.8M from FY10 • Gross Profits up 171.1% to $19.5M over FY10 data - GP Margins also up 63% (to 10.4%) • Net Income of $9.3M compared to a $3.2M loss in FY10 •…