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Ever-Glory Group Q2 sales surge 25.3%
19 Aug '13
4 min read
For the second quarter, net income was $2.7 million or $0.18 per diluted share, an increase of 16.0% from $2.4 million, or $0.16 per diluted share in the second quarter of 2012. Net income in the second quarter of 2012 includes approximately $0.2 million, or $0.01 per diluted share, of non-cash income related to the change in fair value of a derivative liability.
The change in fair value of a derivative liability in the second quarter of 2013 was not significant. Excluding this non-cash item for the second quarter 2013 and 2012, non-GAAP diluted earnings per share were $0.18 in the second quarter of 2013 compared to $0.15 in the second quarter of 2012. See "About Non-GAAP Financial Measures" below.
Ever-Glory International Group
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British Textile Machinery Association (BTMA)
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