Worldwide Energy & Manufacturing (WEMU.OB) Announces Record Quarterly Revenue and Net Income
Worldwide Energy and Manufacturing USA, Inc., a fast growing manufacturing middleman between China and the U.S., recently announced record revenue and net income for the first quarter of 2009. Revenue increased a whopping 90% to $10.3 million, while net income jumped 132% to just over $506,000. Earnings per share increased 18% to $.13 when compared to the same period last year. Worldwide serves clients as an engineering and quality control firm, handling contract manufacturing in China. It allows U.S. and other clients to enjoy the huge cost savings of manufacturing in China, roughly 50% or more, with none of the…