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China Ruitai reported financial results for Q III

November 17/2010

(PRNewswire-Asia) -- China Ruitai International Holdings Co., Ltd., a manufacturer and distributor of cellulose ether additives for use in the production of pharmaceuticals, construction materials, PVC products, foods and beverages and cosmetics, announced its financial results for its third quarter ended September 30, 2010.


Q III highlighted the following: revenue grew 9.8% to $11.2 million; gross profit up 8.2% to $3.6 million and net income was $1.9 million, EPS of $0.07.


China Ruitai is one of the largest manufactures of non-ionic cellulose ether products in China with 8,500 tons of annual capacity. The Company's organic products are used as a thickener, stabilizer and binding agent for a wide variety of products used every day in a number of industries.


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