Second Quarter 2010 Highlights and Recent Events -- Revenue increased 70.8% to $38.3 million -- Gross profit increased 129.9% to $9.1 million -- Gross margin increased 610 basis points to 23.9% -- Operating income increased 100.5% to $7.4 million -- Excluding the $1.1 million non-cash charge related to the disposal of property, plant and equipment, non-GAAP operating income increased 129.8% to $8.5 million, or 22.2% of sales (*) -- Net income increased 116.3% to $5.4 million, or $0.30 per share -- Excluding the $1.1 million non-cash charge related to the disposal of property, plant and equipment, non-GAAP net income increased 160.0% to $6.4 million, or $0.36 per share (*) -- Digital photo paper sales quantity reached 102 tons during the month of June 2010
As a result of all of the above mentioned factors, we now expect fiscal year 2010 adjusted net income of $16.2 million compared to our previously provided guidance of $18.0 million:
$16,2 million entsprechen ca. einem EpS von $ 0.92, d.h. Orient Paper wird bei einem heutigen Kurs von $ 4,36 für 2010 mit einem KGV von 4,7 bewertet.
