Changfeng Energy Erases Year-Ago Profit with Loss in Q3

Changfeng Energy Inc. (CFY.V), which has almost hit 20-day average $0.117 at yesterday's close, today announced its financial results for the three months ended September 30, 2011.

The natural gas distribution utility operating in China said it had a net loss of $0.3 million or $0.005 per share, erasing year-ago income of $0.3 million or $0.004 per share. Revenues, however, increased 10% to $5.9 million. Cash flow from operating activities was $1.5 million versus $0.6 million for the corresponding periods in 2010.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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