China Crescent Enterprises, Inc. (CCTR.OB) Reports $17 Million in Revenue and a Record Net Income of $1.1 Million for the First Six Months of 2009
China Crescent Enterprises, Inc., a technology leader in the rapidly developing Chinese market, recently announced that the company generated $17 million in revenue and a record net income of $1.1 million for the first six months of 2009. The company is on track to reach its forecasted $50 million in profitable revenue for 2009 due to the $45 million in recently announced outsourcing or pending contracts. China Crescent Enterprises focuses on serving second-tier cities, small-to-medium enterprises and rural markets in China. In February 2009, the Chinese government launched a subsidy program to fuel PC sales in rural China and selected…