China Shen Zhou Mining & Resources, Inc. (SHZ) Reports Q3 2010 Financial Results
China Shen Zhou Mining & Resources, Inc., a company focused on exploring, developing, mining and processing fluorite, zinc, lead, copper, and other nonferrous metals in China, today before the opening bell reported its financial results for the third quarter ended September 30, 2010. Compared to the same period in 2009, net revenues increased by 110% from $1.72 million to $3.62 million. Gross profit increased by approximately 600% in the third quarter of 2010 as compared to the same period in 2009 to $1.74 million from $0.25 million. Gross margin was 48% as compared to 14% in the same period of…