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Article Excerpt
M2 PRESSWIRE-31 May 2006-bellwetherreport.com: The Bellwether Report takes a closer look into China Direct Trading Corporation(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31052006
China Direct Trading Corporation (OTCBB:CHDT), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
China Direct Trading Corporation a holding company engaged through its operating subsidiaries, a couple of weeks ago announced its financial results for the Q1 FY2006 ended March 31, 2006, and the filing of its Form 10-Q quarterly report for Q1 FY2006.
Revenues increased to $2,511,809 from $204,354 (Q1 FY2005), or 1229%, primarily due to sales by our Complete Power Solutions, LLC majority-owned subsidiary.
Total sales orders reached $4,409,783 in Q1 FY2006, of which $2,511,809 could be recognized under applicable GAAP as Q1 FY2006 revenues.
Net income rose to $42,718 versus a loss of...
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