Sino Green Land Corp. (SGLA.OB) Posts Solid Q4, FY 2009 Financial Results
Sino Green Land Corp., a leading agricultural distributor of high-end fruits and vegetables in the People's Republic of China, today reported its financial results for the fourth quarter and full year ended December 31, 2009. Revenue for the fourth quarter ended December 31, 2009 increased 130.2 percent to $36.6 million compared to $15.9 million for the fourth quarter of 2008. Gross profit increased 165.2 percent to $3.8 million for the quarter as compared to $1.4 million for the fourth quarter of 2008, representing gross margins of approximately 10.25 percent and 8.90 percent, respectively. Operating income increased 403.9 percent to $2.9…