DGAP-News: Yuxinlong International Ltd.: YUXINLONG POSTS STELLAR FIRST QUARTER RESULTS
(firmenpresse) - DGAP-News: Yuxinlong International Ltd. / Key word(s): Quarter
Results/Miscellaneous
Yuxinlong International Ltd.: YUXINLONG POSTS STELLAR FIRST QUARTER
RESULTS
30.05.2012 / 10:00
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YUXINLONG POSTS STELLAR FIRST QUARTER RESULTS
MISSISSAUGA, ON - May 30, 2012 Yuxinlong International Limited, ('YIL')
(Börse Frankfurt YLØ) is very pleased to announce that the company's First
Quarter Financial Statement of 2012 revealed that the company is enjoying
another period of increased growth. The report stated the Revenues for the
quarter rose approximately 16% to US$12.5 million versus US$785 thousand
for the same period in 2011. The statement also revealed that Net Income
increased by approximately 14% to US$1.9 million. The company also reported
strong Earnings per Share of US$0.29 compared to US$0.02 for the First
Quarter of 2011. Total Revenue for 2011 were US$72.8 million and slightly
over US$11.0 million for the Fourth Quarter of 2011.
'The numbers reflect our commitment to maintaining our reputation as a
profitable and properly managed company,' commented Mr. Ying Chun Wang, CEO
of YIL. 'What is not reflected in the numbers is that these increases were
realized during our most unproductive season due to the harsh winter
climate in our operating region, which significantly slows construction.'
he added.
The company also reported that its securities prospectus is almost
completed and will be filed with the German BaFin very soon. Furthermore
the company is awaiting comments from the Frankfurt Stock Exchange
regarding its forthcoming Entry Standard upgrade which management intends
to celebrate with an official Entry Standard listing event.
About Yuxinlong International Limited
Yuxinlong International Limited was founded in 2007 and is now the largest
real estate developer in Tanghai County, China. Yuxinlong currently employs
a workforce of 2000 which is managed by a 79 member management team. The
company's projects are located in an area designated as China's next
economic and development zone. Yuxinlong's major project in the area is the
'Tang Hai Bright Pearl Development', a project which encompasses eight
residential buildings with over 161,000 square meters under construction.
Disclaimer
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. Subject to approval by
the German Financial Service Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), a prospectus will be published, which will
be available free of charge from Yuxinlong International Limited and the
syndicate bank. The shares will be offered exclusively on the basis of the
prospectus required to be approved by the German Financial Service
Supervisory Authority.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in Canada or in the United States. The
shares of Yuxinlong International Limited (the 'Shares') have not been
registered with any Securities Regulatory Body in any Canadian Province,
have not registered an offer to sell securities under the U.S. Securities
Act of 1933, as amended (the 'Securities Act') and may not be offered or
sold in the United States unless registered under the Securities Act or
pursuant to an exemption from such registration. There will be no public
offering of the Shares in the United States or Canada and the Shares will
not be registered under the Securities Act of either country.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
This communication contains forward-looking statements Forward-looking
statements are statements that are not historical facts instead they
reflect the current views and expectations of Yuxinlong International
Limited and the assumptions underlying them about future events.
Forward-looking statements are subject to many risks and uncertainties. If
any of such risks and uncertainties materialize or if the assumptions
underlying any of the forward-looking statements of Yuxinlong International
Limited are proving to be incorrect, the actual results of Yuxinlong
International Limited may be materially different from those expressed or
implied by such forward-looking statements. Yuxinlong International Limited
does not intend or assume any obligation to update these forward-looking
statements. Any forward-looking statement speaks only as of the date on
which it is made.
End of Corporate News
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171993 30.05.2012
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