China Clean Energy boosts revenues 36%; profits up 49% in Q2

August 12, 2011 |

In China, China Clean Energy announced their 2011 second quarter results, with total revenue of $19.3 million, up 36% over 2010 Q2.  The company reported gross profits of $4.1 million, up 49.1% from the same quarter last year, and net income of $3.6 million, compared to $1.9 million a year ago.

China Clean stated that cash and cash equivalents were $22.3 million at the end of June 2011, up from $13.7 million at year end.

Category: Fuels

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