China Green Agriculture Q4 Profit Rises - Quick Facts

(RTTNews) - China Green Agriculture Inc. (CGA) reported that its fourth-quarter net income increased to $14.3 million or $0.51 per share, from $11.1 million or $0.41 per share, last year. Net sales increased to $69.8 million, from $57.3 million, prior year. The company expects first-quarter net sales in the range of $41.3 million to $43.2 million, net income of $10.2 million to $10.6 million, and earnings per share of $0.31 to $0.35.

For the fiscal year ending June 30, 2014, the company expects net sales of $223.5 million to $231.2 million, net income of $43.5 million to $46.6 million, and an earnings per share of $1.45 to $1.56.

The company also stated that, on September 5, 2012, it received a letter from the staff of the U.S. SEC notifying that the staff had completed its investigation of the company and that it did not intend to recommend any enforcement action against the company.