Earnigns: Ossen Innovation Revenues Down $OSN

Ossen Innovation Co., Ltd., a Chinese manufacturer of rare earth and zinc coated pre-stressed steel materials, has announced its first quarter results for FY-2015.

The results shows Revenue of $26.8 Million down by -4.3%  YoY, while EPS went up by 79.1% to $0.04.

Quarterly Fiscal Highlights:

Revenues went down to $26.8 Million from $28.0 Million fall by -4.5%
Gross profit rise to $3.6 from  $2.6 up by 37.2%
Gross margin increased to 13.5% from 9.4% change by 4.1%

View the full earnings release here.