NEW YORK (Thomson Financial) - Qiao Xing Universal Telephone Inc. Monday
reported 2007 net income of $123.9 million, or $3.42 a share, as net sales rose
20.3% to $531.1 million.
In Chinese yuan, the company posted net income of RMB903.9 million, or
RMB24.95 a share. In the year-ago period, the company had posted a loss of
RMB19.8 million, or RMB0.84 a share.
Shares of Qiao Xing closed Friday at $3.95. The stock is down 72% over the
past 52 weeks.
Ryan Vlastelica
rv/vj
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