Q3 income up 700% at China Shoe

14/11/2007

Shanghai-based footwear manufacturer, designer and retailer China Shoe Holdings, Inc. has recorded a massive revenue and income rise for its third quarter ended September 30.

Revenues for the three-month period totalled $2.3 million, an increase of 91.7% compared with $1.2 million in the prior-year period. Net income was $264,000 for the quarter, rising 700% year-on-year.

Revenues for the nine-month period ended September 30 were $5.4 million, an increase of 74.2% compared with $3.1 million for the nine months of 2006. Meanwhile, net income was up 500% year-on-year to $649,000.