Andatee China Marine Fuel Services Corporation (Nasdaq: AMCF) today announced financial results for the third quarter ended September 30, 2010.
Third Quarter 2010 Highlights
- Revenue increased 78.5% to approximately $57.5 million
- Gross profit was up 52.8% to $5.7 million
- Income from operations was $3.8 million, up 63.4% from $2.3 million in the same period of 2009
- Operating margin was 6.7%
- Net income attributable to Andatee shareholders was $2.6 million, increased 73.5%
- Earnings per share was approximately $0.27
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