BRIEF-Serinus announces Q1 net oil and gas revenue $2.6 million* During Q1 2017, production averaged 698 boe/d, down from 1,154 boe/d during 2016, a decline of 40%
as mentioned in
China Automotive Systems Q1 Profit Flat; Reiterates FY Revenue Guidance
The increase of net sales was mainly due to the increased sales volume.ÂThe company reiterated its revenue guidance for the full year 2017 of US$485 million. Quarterly net sales were $119.3 million, compared to $116.9 million in the same quarter of 2016, reflecting a 2.1% year-over-year growth. Shutterstock photo(RTTNews.com) - China Automotive Systems Inc. ( CAAS ) reported that its net income attributable to parent company's common shareholders for the first quarter of 2017 was $5.714 million compared to $5.709 million in the prior year. Earnings per share were $0.18 in the first quarter of 2017 and 2016. http://www.rttnews.comThis article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
China Automotive Systems Reports 2017 First Quarter Results
Gross profit was $21.6 million in the first quarter of 2017, compared to $21.0 million in the first quarter of 2016. First Quarter of 2017In the first quarter of 2017, net sales were $119.3 million, compared to $116.9 million in the same quarter of 2016, reflecting a 2.1% year-over-year growth. The gross margin was 18.1% in the first quarter of 2017, versus 18.0% in the first quarter of 2016. Selling expenses were $4.1 million in the first quarter of 2017, compared to $4.3 million in the first quarter of 2016. Selling expenses represented 3.4% of net sales in the first quarter of 2017 versus 3.7% in the first quarter of 2016.
read more visit us Automotive
collected by :John Max