China Green Agriculture Affirms FY17 Outlook - Quick Facts

(RTTNews) - While reporting its first-quarter financial results today, China Green Agriculture Inc. (CGA), a producer of humic acid-based compound fertilizers and agricultural products, provided its financial outlook for the second quarter and affirmed its outlook for fiscal 2017.

For the second quarter, the Company forecast net income of $5 million to $7 million and earnings per share of $0.13 to $0.19 on revenue of $60 million to $65 million.

For fiscal 2017, China Green Agriculture affirmed its outlook for net income of $20 million to $27 million, and earnings per share of $0.53 to $0.72 on net sales of $277 million to $300 million.