China Green Agriculture Q2 Profit Rises - Quick Facts

(RTTNews) - China Green Agriculture Inc. (CGA) reported second-quarter net income of $5.2 million or $0.16 per share, compared to $3.7 million or $0.12 per share, prior year. The company said the increase was attributable to the significant increase in sales offset by an increase in selling expenses.

Net sales increased to $54.1 million from $40.6 million last year. The company said the increase was principally due to an increase in Jinong's and Gufeng's net sales.

For the third quarter, the company expects net sales of $75 to $80 million, net income of $8 to $10 million, and EPS of $0.23 to $0.28.

For the fiscal year ended June 30, 2015, the company expects net sales of $255 million to $269 million, net income of $26 million to $35 million, and an EPS of $0.74 to $0.99.