China TMK Battery Systems Inc. (DFEL.OB) Posts Positive FY 2009 Results
China TMK Battery Systems Inc., a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today posted its financial results for the fiscal year ended December 31, 2009. For the 12 months ended December 31, 2009, China TMK reported a 32.3 percent increase in sales revenue to $48.6 million compared to the $36.8 million reported in 2008. International sales contributed 3.5 percent of sales while 97.5 percent reflects sales from the People’s Republic of China. The company reported net income for 2009 at approximately $7.5 million, a 32.5 percent increase compared to $5.7 million reported…