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From: tsa...@gmail.com
Date: Mon, 11 May 2009 21:07:55 -0700 (PDT)
Local: Tues, May 12 2009 12:07 am
Subject: Earnings & guidance
Commenting on the results, Mr. Zhiguo Fu, Chairman and CEO of Advanced
Battery Technologies, stated, "We are pleased with the progress that our Company has made despite the difficult economic environment. We were able to achieve suitable revenue growth for the quarter, although we will strive for greater growth in 2009 with increased production capacity and tighter cost controls. As such, we expect the expanded assembly line in Harbin to be operational late in the second quarter of 2009, which will add the production capacity enabling an additional $22 million in revenue generation for 2009. We remain optimistic about our continued growth in the remainder of the year and currently our backlog for the battery business is approximately $64.0 million as of early May." Sounds like some pretty decent statements to me. I like the fact that
Any other thoughts? I think we have a nice upside from here! You must Sign in before you can post messages.
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