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China Digital Communication Group Reports Second Quarter 2009 Financial Results.

Article Excerpt
Strong Growth Continues, Q2 Revenue Increases 358% to $5.4 Million, Q2 Net



Income of $1.3 Million Compared to Net Loss in Q2 2008

NEW YORK, and SHENZHEN, China, Aug. 5 /PRNewswire-Asia-FirstCall/ -- China Digital Communication Group (BULLETIN BOARD: CMTP) , a manufacturer and distributor of battery components in China, announced today its financial results for the three months ended June 30, 2009.

Second Quarter Highlights -- Revenue was $5.4 million, an increase of 358% from $1.2 million in 2008 -- Gross profit was $1.6 million, compared to approximately $90,000 in 2008 -- Net income was $1.3 million, compared to $(587) in 2008 -- Fully diluted earnings per share increased to $0.22 from $(0.00) in 2008 Second Quarter 2009 Results

"China Digital's new battery assembly and distribution business continues to add significant growth to both our top and bottom line," said Mr. Fushun Li, China Digital's newly appointed Chief Executive Officer. "Not only have we been increasing sales across all segments, we have also enacted cost cutting measures to further improve our margins and thus the overall health of the Company."

China Digital's net revenue in the second quarter of 2009 was $5.4 million, an increase of 358% from $1.2 million in the second quarter of 2008. Net revenue increased primary due to the Company's entrance...