CORAL SPRINGS, FL--(Marketwire - Aug 14, 2012) - FinancialNewsMedia.com "stocks to watch" for today: Ziyang Ceramics Corporation (OTCBB: ZYCI), Velti plc (NASDAQ: VELT), Michael Kors Holdings Limited (NYSE: KORS), Bank of America (NYSE: BAC).
Potential Breakout Alert issued for ZYCI: Ziyang Ceramics Reports Financial Results for the Second Quarter Ended June 30, 2012
Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, announced today its financial results for the second quarter ended June 30, 2012.
- Second quarter 2012 revenue climbs to $14.4 million, up 45.6% from revenue of $9.9 million recorded in the second quarter of 2011
- Second quarter 2012 net income reaches $4.0 million, up 76.1% from $2.3 million recorded in the second quarter of 2011
- Gross margin climbs to 37.6% and net margin reaches 27.8% in the second quarter of 2012
- Basic and diluted EPS reached $0.82 for the first six months of 2012 on 9 million weighted average shares outstanding
...Commenting on the financial results for the second quarter and six months of 2012, Mr. Lingbo Chi, CEO of Ziyang Ceramics, stated, "We are extremely pleased with our performance this quarter as we continue to meet or exceed our sales targets while increasing margins and controlling expenses. We have further strengthened our distribution base in the second quarter as our interior and higher-end tiles continue to be well received in our end markets. We are confident in our ability to build on our strong performance in the first half of 2012 and we believe our investments for the future for facility expansion will enable us to expand for the foreseeable future as we look to opportunistically grow our business. We continue to see our full year 2012 revenue exceeding $55 million with $14 million in net income. Our entire team is working diligently to further our growth in the coming quarters and years to help us maximize the value of our company for the benefit of our shareholders."
For more details and to read the entire press release issued for ZYCI that includes the full company disclosures please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=190
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Velti plc (NASDAQ: VELT), the leading global provider of mobile marketing and advertising technology and solutions, announces Record Q2 Financial Results and Free Cash Flow Generation Revenue Growth of 71 Percent and Adjusted EBITDA of 100 Percent Year-Over-Year.
Michael Kors Holdings Limited (NYSE: KORS), a global luxury lifestyle brand with a multi-channel strategy, unique design and strong infrastructure, today announced its financial results for the first quarter ended June 30, 2012 with total revenue increased 71% to $414.9 million from $243.1 million in the first quarter of fiscal 2012.
Bank of America (NYSE: BAC) today announced national availability of its online and mobile cash back deals program, BankAmeriDeals™. With a simple click of a button or tap on the screen, customers choose the deals they want through Bank of America's Online Banking and Mobile Banking app. Cash back deals are put right into the customer's account and are in addition to other rewards customers may already receive.
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