China Redstone Group, Inc. (CGPI.OB) Posts Solid Fiscal Year 2011 Financials
China Redstone Group Inc., the largest private provider of cemetery products and services in Chongqing, China, today posted its financial results for the first fiscal quarter of 2011 ended June 30, 2010. Revenue for the first quarter of fiscal year fiscal 2011 increased 45.4 percent to approximately $12.1 million, as compared to $8.3 million reported for the first quarter of fiscal 2010. The company said all revenue in the quarter was generated by cemetery plot sales, and that the increase in revenue was a result of enhanced marketing and advertising efforts and the development of new cemetery plots. For the…