China Green Agriculture (CGA) announced it expects to exceed analysts’ estimates for fourth quarter revenue thanks to market share gains.
China Green Agriculture, Inc. [[CGA]], a producer and distributor of humic acid, today announced that the Company expects to exceed the high end of its previously announced revenue guidance of $32.8 million to $33.3 million due to strong sales from its green fertilizer products in the fiscal fourth quarter of 2009. The Company now expects revenues in excess of $34 million for fiscal year 2009; a record for the company. Fiscal year 2009 and fourth quarter financial results will be reported in mid-September 2009.
“We are extremely pleased with our business momentum which enabled us to exceed our previously announced revenue guidance for the 2009 fiscal year,” stated Mr. Tao Li, Chairman and CEO of China Green Agriculture. “China Green Agriculture continues to gain market share while further establishing our position as a leading green fertilizer player in our industry. We are confident that our extensive distribution network, cohesive marketing strategy and sustained market demand for our green fertilizer products, will enable us to deliver incremental revenue and earnings growth for our company during fiscal year 2010.”
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