Fuling Global Inc. Reports 2019 Financial Results
FULING GLOBAL INC ORDINARY SHARES (FORK)
US:NASDAQ Investor Relations:
ir.fulingglobal.com
Company Research
Source: PR Newswire
WENLING, China and ALLENTOWN, Pa., April 15, 2020 /PRNewswire/ -- Fuling Global Inc. (NASDAQ: FORK) ("Fuling Global" or the "Company"), a manufacturer and distributor of environmentally friendly plastic and paper foodservice disposable products, today announced sharply higher financial results for the twelve months ended December 31, 2019.Full Year 2019 Financial Highlights:Revenues increased 9.0% to $151.1 million, from $138.7 million for 2018. Gross profit grew 26.4% to $37.6 million, from $29.8 million for 2018. Net income from continuing operations increased 46.3% to $14.4 million, or $0.91 per share, compared with $9.8 million, or $0.62 per share, for 2018. Net income attributable to Fuling Global increased 52.2% to $15.0 million, or $0.95 per share, compared with $9.9 million, or $0.62 per share, for 2018."The positive results for 2019 reflected our focus on producing high-quality and environmentally friendly straws, cups and plates for a growing global market," said Xinfu Hu, C
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