ERJ staff report (DS)
New York -- Asia Carbon Industries, Inc has announced results for the three months ended March 31, 2011. Revenues for the first quarter of 2011 increased 154 percent to $13.44 million in 2011, from $5.29 million for the same period in 2010. Gross profit increased 302 percent to $3.18 million in the period, from $0.79 million from a year previously.
During the three months ended March 31, 2011, the Company sold 5,463 metric tons of N220-W, generating revenue of $6,245,563. Sales generated by the Company's three dry process carbon black products, N330, N660 and N220-D accounted for $6,747,878 in sales.
The average sales price of all carbon products was $1,070 per metric ton during the first quarter of 2011, an increase of $299 per ton, or 42 percent, from $771 per ton during the first quarter of 2010.
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Press release from Asia Carbon