Marbridge Daily

<- January 21, 2011 ->

Kejian 2010 Profit Reaches RMB 50 Mln

Shenzhen Stock Exchange, 4/27/11

Chinese mobile phone maker Kejian (000035.SZ) has announced its financial results for 2010, with operating revenue down 6.4% YoY to reach RMB 5.28 mln, and net profit of RMB 46.78 mln, compared to a net loss of RMB 17.96 mln for 2009. The increase in net income is due to Kejian's debt reorganization committee agreeing to waive RMB 83.15 mln in debt.

Editor's Note: For more background on this topic, please see "Kejian Expects 2010 Profit Following Debt Interest Waiver" MD 12/30/10 issue.

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