(RTTNews) - Tuesday, Gushan Environmental Energy Ltd
(GU) reported first-quarter net income of US$15.85 million, or US$0.095 per share, higher than US$10.25 million, or US$0.075 per share, in the same period of last year.
On a per ADS basis, earnings rose to US$0.190 from US$0.150 in the prior-year quarter.
Revenues climbed to US$47.47 million from US$32.73 million a year ago.
Looking ahead, the company expects total biodiesel production volume in 2008 to be approximately 270,000 tons, or approximately 81 million gallons.
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