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Sancon Resources Recovery, Inc. (SRRY) news stock charts

Sancon Resources Recovery, Inc. (SRRY/SRRY.OB) Investment Summary:

Sancon Resources Recovery, Inc. operates as an industrial waste recycling company in Australia, Hong Kong, and the People’s Republic of China. The company’s operations and services include industrial waste management consulting; collection and reprocess of recyclable materials, such as plastic, cardboard, and paper before its re-entry to manufacture cycles as raw materials; eco-friendly solutions for the use of waste materials; and destruction of sensitive materials and products. It also collects waste material from manufacturing and commercial sites and re-processes waste materials to enable recyclability, end-of-life disassembly, and redeployment of recyclable materials. In addition, the c...
www.sanconinc.com
35 Employees

SANCON RESOURCES RECOVERY IN (SRRY:OTC Bulletin Board Market)

LAST $0.44 USD
CHANGE TODAY 0.00 0.00%
VOLUME 45.8K
As of 5:20 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of SANCON RESOURCES RECOVERY IN (SRRY)

OPEN
$0.45
PREVIOUS CLOSE
$0.44
DAY HIGH
$0.47
DAY LOW
$0.43
52 WEEK HIGH
10/8/09 - $0.58
52 WEEK LOW
03/25/09 - $0.13
MARKET CAP
10.1M
AVERAGE VOLUME 10 D
21.6K
EPS TTM
$0.08
SHARES OUTSTANDING
23.0M
SRRY Does Not Pay Dividends
P/E TTM
5.5x
K = Thousands  M = Millions  B = Billions

Key developments for SANCON RESOURCES RECOVERY IN (SRRY)

Sancon Resources Recovery, Inc. Presents at Rodman & Renshaw Annual China Investment Conference, Mar-09-2010

Sancon Resources Recovery, Inc. Presents at Rodman & Renshaw Annual China Investment Conference, Mar-09-2010. Venue: Ballroom III, The Regent Hotel, 99 Jinbao Steet, Beijing, Beijing Province, China.

Sancon Resources Recovery Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Sancon Resources Recovery Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $2.81 million in the 2009 third quarter representing $190,880 or 6% decrease compared to $3 million in the 2008 third quarter. Net income was $0.5 million or $0.02 per basic & diluted share compared to $0.46 million or $0.01 per basic & diluted share one year ago. Although the sales and gross profit decreased in the third quarter 2009, the significant reduction in SG&A expenses in China operation lead to the increase in net income. The company continues to strengthen its balance sheet position with $3.3 million cash balance. Operating income was $550,917 compared to $290,635 for the same period of last year. Income from continued operations before income taxes and discontinued operation was $510,556 or $0.02 per basic and diluted share compared to $221,035 or $0.02 per basic and diluted share for the same period of last year. Income before income taxes was $510,556 compared to $224,190 for the same period of last year. For the nine months, the company reported revenue of $8.15 million, representing $154,361 or 2% increase compared to the revenue of $8 million in the same period of 2008. Net income was $1.61 million or $0.07 per basic & diluted share compared to $1.45 million or $0.07 per basic & diluted share in the year ago period, an increase of $164,131 or 11%. In order to control the cost, the company has eliminated numerous outsourced services and consulting fees. This contributed greatly to the increase of net income for the nine months period ended September 30, 2009. Operating income was $1,672,040 compared to $1,612,911 for the same period of last year. Income from continued operations before income taxes and discontinued operation was $1,670,743 or $0.07 per basic and diluted share compared to $1,568,972 or $0.07 per basic and diluted share for the same period of last year. Income before income taxes was $1,668,859 compared to $1,535,726 for the same period of last year.

Sancon Resources Recovery Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009

Sancon Resources Recovery Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. The company generated strong 2009 second quarter revenue of $2.74 million, representing $329,849 or 14% increase compared to $2.41 million in the 2008 second quarter. Net income was $0.53 million, or $0.02 per share, compared to $0.22 million, or $0.01 per share in the year ago period. Operating income was $550,812 against $490,064 for the same period last year. Income from continued operations before income taxes and Discontinued Operation was $561,917, or $0.02 per share against $362,899, or $0.02 per share for the same period last year. Income before income taxes was $561,917 against $362,706 for the same period last year. Net comprehensive income was $569,479 against $238,599 for the same period last year. The revenue for the six months period ended June 30, 2009 were $5.34 million, representing $345,241 or 7% increase compared to the sales of $4.99 million in the same period of 2008. Net income was $1.11 million, or $0.05 per share, compared to $0.99 million, or $0.05 per share in the year ago period. Operating income was $1,121,123 against $1,322,276 for the same period last year. Income from continued operations before income taxes and Discontinued Operation was $1,160,187, or $0.05 per share against $1,347,937, or $0.06 per share for the same period last year. Income before income taxes was $1,158,303 against $1,311,536 for the same period last year. Net comprehensive income was $1,140,502 against $1,033,477 for the same period last year.

Sancon Resources Recovery, Inc. financial resources

otc, otcbb, pinksheet, SRRY, ob Sancon Resources Recovery, Inc.

SRRY Competitors

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Sunrise Global Inc $2.00 USD 0.00
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Industry Analysis

Valuation SRRY Industry Range
Price/Earnings 5.6x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 5.1x
TEV/Sales 0.5x

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More Recent Financial News About Sancon Resources Recovery, Inc.

SANCON RESOURCES RECOVERY, INC. Files SEC form 10-Q, Quarterly Report

Quote: Compliance with these requirements may make it more difficult for the Company's stockholders to resell their shares to third parties or to otherwise dispose of them. Overview of the Company and its Operations Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The...
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SANCON RESOURCES RECOVERY, INC. Files SEC form 10-Q, Quarterly Report

Quote: Compliance with these requirements may make it more difficult for the Company's stockholders to resell their shares to third parties or to otherwise dispose of them. Overview of the Company and its Operations Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The...
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SANCON RESOURCES RECOVERY, INC. Files SEC form 8-K/A, Completion of Acquisition or Disposition of Assets, Financial S

Quote:
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SANCON RESOURCES RECOVERY, INC. Files SEC form 10-K, Annual Report

Quote: We undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. You should read this MD&A in conjunction with the Consolidated Financial Statements and Related Notes in Item 7. OVERVIEW Sancon Resources Recovery, Inc. is an industrial waste recycling company with operations based in Australia, Hong Kong and China. Sancon currently exports more than 25,000 tons of recycled industrial waste material annually to its processing partners a...
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Sancon Resources Recovery Announces Profitable 2009 Third Quarter Results - Ninth Consecutive Profitable Quarter

Quote:
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SANCON RESOURCES RECOVERY, INC. Files SEC form 10-Q, Quarterly Report

Quote: Compliance with these requirements may make it more difficult for the Company's stockholders to resell their shares to third parties or to otherwise dispose of them. Overview of the Company and its Operations Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The...
Read article

SANCON RESOURCES RECOVERY, INC. Files SEC form 10-Q, Quarterly Report

Quote: Compliance with these requirements may make it more difficult for the Company's stockholders to resell their shares to third parties or to otherwise dispose of them. Overview of the Company and its Operations Sancon Resources Recovery, Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The...
Read article

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