The company's sales revenue for the first quarter 2009 increased 28.5% to $40 million, compared to $31.1 million in the first quarter of 2008. Gross profit increased 23.5% to $10.1 million from $8.2 million in the first quarter of 2008.
Qingjie Zhao, chairman and CEO of Wonder Auto, said: "Under current global recession, the auto industry in western countries dropped sharply, while in China and other emerging economies still remain growing. I foresee this momentum will continue. Wonder Auto is well positioned in this weather, and achieved remarkable results this quarter."
A service of YellowBrix, Inc.