China Shen Zhou Reports Q4 EPS of $(0.09)

China Shen Zhou Mining & Resources, Inc. SHZ today announced financial results for the fourth quarter and fiscal year ended December 31, 2010. For the fourth quarter of 2010, net sales were $4.9 million, a $3.8 million increase from $1.1 million in the same quarter of 2009. Net sales grew due to higher commodity prices, particularly fluorite, and processing a much larger amount of fluorite ore in the 2010 fourth quarter to develop greater tonnage of fluorite lumps and powder. Net loss attributable to stockholders for the fourth quarter of 2010 was $2.5 million compared with net profit attributable to stockholders of $9.2 million in the 2009 fourth quarter as a result of an almost $14 million gain on the extinguishment of convertible debt. EPS reported at $(0.09)