Q4 Earnings Review; China Forestry Industry Group (CNFI) Expects to Continue Strong Performance
China Forestry Industry Group Inc., a company involved in the production and sale of floor materials and related products to residential and commercial customers in China, recently announced its financial results for the fourth quarter and fiscal year 2010 ended December 31, 2010. “We are pleased to report strong growth in revenues, operating margins, and earnings in 2010,” Yulu Bai, chairman and CEO of CNFI stated in the press release. “This performance was mainly driven by our strategy to expand into flooring products, develop forestry resources and build a large distribution network for floor products in southwestern China.” For the…