09:59 AM EST - Liuyang Fireworks Limited : reported its financial results for the three- and six-month periods ended June 30, 2010. Revenue for Q2 2010 was $3.0 million, up 37% from $2.2 million for the corresponding period of 2009. Excluding the impact of strengthening Canadian dollar, Liuyang's revenue for Q2 2010 would have been $3.4 million, representing a 56% increase over Q2 2009. On a six-month basis, revenue for 2010 was $5.7 million, up 19.7% from $4.7 million for 2009.Gross profit for Q2 2010 was $1.0 million or 35.4% of sales, compared with $0.9 million, or 42.2% of sales, for the corresponding period of 2009. On a year-to-date basis, gross profit and gross margins for 2010 were $1.9 million and 35%, respectively. These compare to $1.9 million and 41.2%, respectively, for 2009. Liuyang Fireworks Limited
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