China Agritech, Inc. (CAGC) Increases Revenue and Income Guidance for 2009
Leading Chinese national liquid and fertilizer manufacturer, China Agritech, Inc., announced today that it is increasing its annual net revenue and net income guidance for the year ending December 31, 2009. This increase follows a 56.9% increase in net revenues and 91.2% rise in net income for the second quarter ending in June 2009. The revised 2009 guidance is based on the company's current views on changing operating and market conditions. The company expects that net revenue for the year 2009 could reach as high as $70 million, compared to the previous guidance estimate of over $60 million. The revised…