China Shoe Holdings Inc an independent footwear manufacturer in China announced financial results for its second quarter ended June 30, 2007.
Revenue for the second quarter totaled $1.95 million, an increase of 52.3% compared to $1.28 million for the three months ended June 30, 2006.
The Company reported net income of $196k, an increase of 485% compared to $33.5k for the three months ended June 30, 2006.
China Shoe has previously announced its plan to open retail stores in the near future. Mr. Gu Xianzhong, the President and CEO of the Company stated, "We are pleased to announce the 2Q result that reflects our growth for the past successive quarters, and we fully expect the continued growth in the future. With the solid foundation, we are also confident that China Shoe is poised to successfully enter the PRC retail market."
Based in Shanghai, China, China Shoe manufactures, designs and sells private label and its own branded footwear throughout China and in overseas markets, principally Japan.
Revenue for the second quarter totaled $1.95 million, an increase of 52.3% compared to $1.28 million for the three months ended June 30, 2006.
The Company reported net income of $196k, an increase of 485% compared to $33.5k for the three months ended June 30, 2006.
China Shoe has previously announced its plan to open retail stores in the near future. Mr. Gu Xianzhong, the President and CEO of the Company stated, "We are pleased to announce the 2Q result that reflects our growth for the past successive quarters, and we fully expect the continued growth in the future. With the solid foundation, we are also confident that China Shoe is poised to successfully enter the PRC retail market."
Based in Shanghai, China, China Shoe manufactures, designs and sells private label and its own branded footwear throughout China and in overseas markets, principally Japan.
