China Industrial Waste Management Announces 2008 Second Quarter Results

Friday August 15, 2008, 9:00 am ET DALIAN, China, Aug. 15 /Xinhua-PRNewswire-FirstCall/ -- China Industrial Waste Management, Inc. (OTC Bulletin Board: CIWT) today announced financial results for its second quarter ended June 30, 2008. Highlights for the Second Quarter 2008 -- Total revenues for the second quarter of 2008 were US$3.59 million, an increase of 45.9% from US$2.46 million for the same quarter in 2007. -- Net income for the second quarter of 2008 was US$1.37 million, an increase of 101% from US$0.69 million for the same quarter in 2007. -- Diluted earnings per share for second quarter 2008 were $0.10, compared to $0.05 earnings per share for 2007, up 100% year over year. -- Net cash provided by operating activities for the first two quarters of 2008 were US$2.05 million, representing an increase of US$0.18 million... [read full story]                    

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