IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
IT Tech Packaging, Inc. (ITP)
Company Research
Source: PR Newswire
BAODING, China, March 23, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or the "Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced its unaudited financial results for the fourth quarter and audited financial results for the fiscal year ended December 31, 2019."Our revenues and profitability continued to improve in 2019 as we shook off the effects of the 2018 production suspensions resulting from air-pollution controls, in part due to our 2018 equipment upgrades. Our total revenue was $117.6 million, a 35.6% year-over-year increase, resulting from a 59.5% growth of overall sales volume that was partially offset by a 15% decrease in average selling prices over all categories of products," commented by Mr. Zhengyong Liu, Chairman and Chief Executive Officer of the Company."With 135.1% and 121.1% growth in gross profit and net income, respectively, our margins and profitability substantially i
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ITP
Sec Filings
- 3/28/24 - Form 8-K
- 3/27/24 - Form 10-K
- 3/4/24 - Form 8-K
- ITP's page on the SEC website