Latest Income tax Stories

Company Also Announces Adoption of Annual Dividend Policy BEIJING, May 15, 2013 /PRNewswire-FirstCall/ -- NetEase, Inc. (NASDAQ: NTES), one of China's leading Internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2013. "We have built a formidable and growing portfolio of self-developed games that continues to drive our growth," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "Our...

DALLAS, May 15, 2013 /PRNewswire/ -- The Hallwood Group Incorporated (NYSE MKT: HWG) (the "Company") today reported results for the first quarter ended March 31, 2013. For the 2013 first quarter, the Company had a net loss of $1.3 million, or $(0.88) per share, compared to a net loss of $9.6 million, or $(6.26) per share for the 2012 first quarter, on revenue of $31.3 million and $35.9 million, respectively. Following is a comparison of results for the 2013 and 2012 periods:...

HANZHONG, China, May 13, 2013 /PRNewswire-FirstCall/ -- China HGS Real Estate Inc. (NASDAQ: HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today reported its financial results for the second quarter of fiscal 2013 ended March 31, 2013. Highlights for the Second Quarter of Fiscal 2013 Total revenues for the second quarter of fiscal 2013 were $19.4 million, an increase of 573.4% from $2.9...

Reports 22.7% Revenue Growth SPRINGFIELD, Va., May 13, 2013 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) today announced financial and operating results for the fiscal year third quarter and nine months ended March 29, 2013. Gross revenue for the third quarter of fiscal year 2013 was $31.6 million, a 22.7% increase compared to revenue of $25.7 million reported in the third quarter of fiscal year 2012. The revenue growth was driven by a $5.4 million increase in revenue from the...

ST. LOUIS, May 10, 2013 /PRNewswire/ -- The continuing recession in domestic hospital equipment and a dip in international sales resulted in a loss for Allied Healthcare Products (NASDAQ: AHPI) in its third quarter of fiscal year 2013. Net loss for the quarter ending March 31, 2013, was about $280,000, or a negative 3 cents per basic and diluted share, versus a loss of about $146,000, or a negative 2 cents per basic and diluted share, for the prior year. Sales for the third quarter...

NANJING, China, May 9, 2013 /PRNewswire/ -- Simcere Pharmaceutical Group ("Simcere" or the "Company") (NYSE: SCR), a leading pharmaceutical company specializing in the development, manufacturing, and marketing of branded generic and proprietary pharmaceuticals in China, today reported preliminary unaudited financial results for the quarter ended March 31, 2013. Highlights Total revenue was RMB528.7 million (US$85.1 million) for the first quarter of 2013, compared to...

Company Exceeds Revenue & Earnings per Share Guidance; First Quarter Revenue Increased 8% to $96 Million and Earnings per Diluted Share Increased 48% to $0.43 OWINGS MILLS, Md., May 8, 2013 /PRNewswire/ -- Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, today reported financial results for the first quarter ended March 31, 2013. (Logo:...

Deferred revenues of core businesses increased 1.2% year-over-year BEIJING, May 7, 2013 /PRNewswire/ -- Origin Agritech Limited (NASDAQ GS: SEED) ("Origin", or the "Company"), a technology-focused supplier of crop seeds in China, today announced unaudited financial results for the second quarter ended March 31, 2013. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States. FINANCIAL RESULTS...

Experts at The Heartland Institute, a free-market think tank, comment on the passage in the United States Senate of Marketplace Fairness Act, a bill that would allow states to require businesses – even those headquartered outside their borders – to collect Internet sales taxes from consumers. CHICAGO, IL (PRWEB) May 06, 2013 The United States Senate today passed the Marketplace Fairness Act, a bill that would allow states to require businesses – even those headquartered outside...

Strong Industrial Packaging Results MEMPHIS, Tenn., May 2, 2013 /PRNewswire/ -- International Paper today reported first quarter 2013 net earnings attributable to common shareholders totaling $318 million ($0.71 per share), compared with net earnings of $235 million ($0.53 per share) in the fourth quarter of 2012 and $188 million ($0.43 per share) in the first quarter of 2012. Amounts in all periods include the impact of special items, non-operating pension expense and...