NF Energy Saving Corp. (NFEC) Reports Financial Results for Full Year 2009
NF Energy Saving Corp. reported net income of $4.8 million, or $0.36 per share, in 2009, a strong improvement over the $3.7 million earned in 2008. Revenues also showed a strong increase in 2009, coming in at $20.3 million, compared to $15.8 million in 2008. Gang Li, the CEO of NF Energy Saving Corporation, said, “Despite a difficult economic year, NF Energy has achieved strong financial performance in 2009. Sales of our patent protected, high-quality customized flow-control systems continue to grow at a solid rate last year. Driven by the Chinese government's continuous support to the energy service industry, we…