China Architectural Engineering posts stellar Q3
China Architectural Engineering, Inc. (AMEX: RCH), which specializes in the design, engineering, fabrication and installation of high-end curtain wall systems, this morning reported surging net income and revenues for its third quarter.
For the three months ended Sept. 30, the Chinese company recorded net income of $3.1 million, or $0.06 per fully diluted share, up 50% on a per-share basis from $1.5 million, or $0.04 per fully diluted share, in the third quarter of 2006. No analyst estimates were available.
Revenues for the third quarter totaled a record $27.1 million, up 90% from $14.2 million in the third quarter of 2006. No analyst estimates were available.
Shares of China Architectural Engineering (RCH) gained $0.62, or 5.97%, to $11 in pre-market trading. Shares of the small cap have been trading in the range of $4.80 to $27.25 for the past 52 weeks.
