IT Tech Packaging, Inc. Announces Third Quarter 2019 Financial Results
IT Tech Packaging, Inc. (ITP)
Company Research
Source: PR Newswire
BAODING, China, Nov. 7, 2019 /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 third quarter ended September 30, 2019.Mr. Zhenyong Liu, Chairman and Chief Executive Officer of the Company, commented, "We are pleased to report solid financial results for the third quarter of 2019 with 53.2% increases in sales volume across all three product categories, which reached the highest level since the fourth quarter of 2016. With continued turnarounds and recovery of the operation, we grew our top line by 23.3% and delivered 313.3% growth in operating income, in the third quarter of 2019, and tissue paper and offset printing paper products generated $1.6 million and $7.0 million revenues, respectively. With 326.8% and 266.4% growth in overall gross profit and net income, respectively, our margins and profitabi
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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