China Crescent Enterprises Inc. (CCSE.OB) is a technology leader in the rapidly developing Chinese market specializing in software engineering, high quality software development, and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a system’s integrator and value-added reseller of major global hardware brands in the Chinese domestic market.
Recently, China Crescent released their financial results for the first six months of 2008. The year-to-date revenues were up 11% to $19.2 million. In addition, the company is expecting a seasonal increase in revenues for the last six months of 2008. Net income for the first six months of 2008 was $321,000 compared to a loss of $22,000 for the same period last year.
These results represent four continuous quarters of profitability for China Crescent with continued revenue growth. Company CEO Paul K. Danner will conduct a webcast on Friday, September 19th, 2008 to discuss the company’s year-to-date progress to meet or exceed its profitable $50 million revenue forecast.
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