Hotstockpress.com Report (OTCBB: SRRY) Sancon Resources Chinese Recycling Revenue Increases 122% to $4,168,000
Revenue Growth Expected with the Advent of China Recycling Programs Increasing
November 19, 2007 –Sign up for FREE Stock Alerts at http://www.hotstockpress.com
Monday November 19th, 2007, Hotstockpress.com Press Report Sancon Resources Recovery, Inc., Inc. (OTCBB: SRRY)
SRRY News: On Monday, November 19th, 2007, Sancon Resources Recovery Inc., a fast growing environmental service and industrial waste management company with operations in China and Australia, today announced it reported operating results for the quarter ending September 30, 2007.
Highlights of the financial results ending September 30, 2007:
-- 2007 year to date revenues increased by 122% to $4.168 million from $1.875 million during the same period in 2006.
-- 2007 year to date gross profit increased by 129% to $0.78 million in 2007 from $0.34 million during the same period in 2006.
-- 2007 Q3 revenues decreased by 20% to $1.27 million compared to $1.59 million in the same period in 2006.
-- 2007 Q3 gross profit increased by 96% to $0.415 million compared to $0.212 million in the same period in 2006.
-- 2007 Q3 net profit increased by 43% to $76,166 compared to $53,098 in the same period in 2006.
-- Deployment of 4 new recycling plants completed in China cities of Shanghai, Tianjing, Dongguan and Chendu.
-- Sancon began to consolidate the financial results of its China operation from the third quarter in 2007.
About Sancon Resources Recovery Inc
Sancon Resources Recovery Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The recycled materials are re-used by Sancon's manufacturing customers in China to make a wide variety of new products including outdoor furniture, construction materials, building materials, road surface, and various new products. Sancon's China
operation is licensed by the Chinese government for waste management services, and is certified with ISO 9001 and ISO14001 standards.
For more information please visit: www.sanconinc.com
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