Longwei Petroleum Announces Financial Results for Fiscal 2011

Fiscal Year 2011 Financial Highlights: (Year-over-Year Results)

• Revenues increased 40% to $481.6 million, compared with $343.2 million.
• Operating Income increased 42% to $91.7 million, compared with $64.4 million.
• Non-GAAP* Net Income Attributable to Common Shareholders increased 44% to $68.0 million, compared to $47.2 million.
• Non-GAAP* Basic Earnings per Share ("EPS") increased to $0.69 per share and Diluted EPS to $0.67 per share, compared to $0.55 per share basic and $0.50 diluted EPS for the fiscal year ended June 30, 2010.
• GAAP Net Income Attributable to Common Shareholders increased 52% to $62.5 million, compared with $41.1 million.
• Basic Earnings per Share ("EPS") increased to $0.64 per share and Diluted EPS to $0.61 per share, compared to $0.48 per share basic and $0.43 diluted EPS for the fiscal year ended June 30, 2010.
• The Company's Taiyuan and Gujiao fuel storage facilities contributed revenues of $269.7 million and $188.3 million, respectively. Agency fees contributed $23.5 million to revenues.
• Stockholders' Equity increased $83.9 million to $261.7 million, compared with $177.8 million

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