China Modern Agricultural Information, Inc. (CMCI) Releases Projected Earnings for the Fiscal Year 2012
China Modern Agricultural today released its projected earnings for the fiscal year ending June 30, 2012. The company’s forecasted net income will have increased by 86% year-over-year to $16.4 million, or $0.35 per basic and diluted earnings per share. China Modern’s revenue for the first three quarters of fiscal year 2012 was $19.5 million, which represents an increase of $2.3 million, or 13%, as compared to $17.2 million for the three quarters ended March 31, 2011. The company’s gross profit increased by $4.4 million, or 52%, to $13 million. The gross profit margin has improved from 50% to 67% as…