Deyu Agriculture (DEYU) Posts Solid Increases in Q2 Financial Performance
Deyu Agriculture Corp., a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in the Shanxi Province of the People's Republic of China, yesterday reported its financial results for the second quarter ended June 30, 2011. The company reported a 182 percent increase in revenue for the second quarter of 2011 to $52.0 million compared to $18.5 million reported in the comparable quarter of 2010. Gross profit for the second quarter of 2011 improved 88 percent to $8.9 million compared to $.4.7 million in the second quarter of 2010. Deyu's…