Sutor Tech Group (NASDAQ:SUTR)

SUTR reports financial results for their Third Quarter Financials:

Third Quarter Notes:

* Total revenues increased 37.61% to $98.10 million

* Income from operations increased 104.5% to $10.18 million

* Net income increased 100.5% to $7.79 million

* Fully-diluted earnings per common share rose 90% to $0.21 from $0.11

* Tax rate for the period was 10% compared to 15%

Adjusting financials for a standard tax rate yields:

* Net income of $7.5 million compared to $3.6 million.
* EPS of $0.16 compared to $0.09



GeoTeam Correction: In the financial discussion it was reported that ROE was 15% for the six month period. The ROE figure is actually for the 2007 annual period.

( Source: Press, May 15, 2008 )

2007 Financial notes:

- Revenue increased to $303.4 million, an increase of 59.2%.

- Net income increased 78% to $20.5 million.

- Fully diluted EPS increased 78% $.59 per common from $.39.

- Weighted average shares increased of 17.7.% to $34.6 million.

- 2007 Tax rate was 3.2% down from 6.9%

Adjusting financials for a standard tax rate yields:

* 2007 net income of $13.8 million compared to $8.2 million.
* EPS of $.4 compared to $.28.

( Source 2007 10 K )

Six months 2008 Financial notes:

--Total net revenues increased 53% to $214 million.

- Net income increased 77% to $7.5 million.

- Fully-diluted EPS rose 52% to $.35.

- Tax rate was 10.7% down from 12%.

Adjusting financials for a standard tax rate yields:

* Six Months 2008 net income of $9.9 million compared to $5.7 million.
* EPS of $.27 compared to $.17.
* Tax Adjusted Return On Equity was 15%

( Source 2008 2nd quarter 10 Q )