American Lorain (ALN) Reports 2011 Year-end Financial Results

Press Release

2011 Year End Financial Review

American Lorain Corporation
Selected Financial Statements in USD ($ in 000s)
					12 months ended		12 months ended
					12/31/2011		12/31/2010
Sales					$213,222,106		$184,176,567
Cost of Revenues					($168,208,856)		($142,292,716)
Gross Profit					$45,013,250		$41,883,851
	Gross Profit Ratio				21.1%		22.7%
Income from operations					$27,915,832		$27,517,774
Earnings before tax					$27,903,173		$25,078,749
Net income attributable to common stockholders					$19,887,498		$17,839,463
Diluted earnings per share					$0.57		$0.55
Weighted average diluted shares outstanding					34,726,494		32,204,555

• For the year ended December 31, 2011, the Company reported revenues of $213.2 million, an increase of 15.8% compared to $184.2 million in the prior year.
• Gross profit increased 7.5% to $45.0 million from $41.9 million in the prior year. Gross margin was 21.1% for the year ended December 31, 2011, compared with 22.7% in full-year 2010, due to increase in raw material prices as well as increased manufacturing costs such as labor and utility.
• Income from operations for the year was $27.9 million, an increase of 1.4% from $27.5 million reported in the prior year. Operating margin for 2011 was 13.1% compared with 14.9% for the prior year.
• The Company reported net income for the year ended December 31, 2011, of $19.9 million, or $0.57 per diluted share based on 34.7 million weighted average diluted shares outstanding, compared with net income of $17.8 million, or $0.55 per diluted share based on 32.2 million diluted shares outstanding, in the prior year.

Solid results a little bit less than I expected but in general good. On Monday CC.........so we will hear more about the strategic plans and the railway contract I guess.