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Market News: Dragon Capital Group - August 26, 2009
Wednesday, August 26, 2009 9:51 AM


(Source: MARKETWIRE)trackingStock Market Alert's performance stock list includes: Dragon Capital Group Corp (PINKSHEETS: DRGV), Capstone Turbine Corporation (NASDAQ: CPST), Amazon.com, Inc. (NASDAQ: AMZN) and Costco Wholesale Corporation (NASDAQ: COST).

Breaking News: Market Advisors, Inc. issues "Initiating Coverage" Report on Dragon Capital Group (PINKSHEETS: DRGV) with a speculative buy and a price objective of $0.047 per Share. The company, a leading holding company of emerging high-tech companies in China, issued a press release early this morning announcing that a new research report has been issued regarding Dragon Capital Group Corporation by Market Advisors, Inc. "Fundamental Analysis for Today's Investments" with a "Speculative Buy" and a $0.047 intermediate price objective.

To view the report, please visit www.dragoncapital.us a leading holding company of emerging high-tech companies in China.

Last week, the company reported announced its financial results for the second quarter ended June 30, 2009. Financial highlights included:

Revenue for the second quarter ended June 30, 2009 was $15.0 million, a 27% increase over the $11.8 million recorded in the second quarter of 2008. Cost of goods sold for the second quarter of 2009 were $14.1 million compared to $11.2 million in the second quarter of 2008. Net income from continuing operations for the second quarter of 2009 was $124,500, increasing from the $31,000 recorded in the first quarter of 2009. Net income in the second quarter of 2008 was approximately $215,000. This decrease in net income was largely attributable to an increase in selling expenses as a result of the challenging economic environment.

Revenue for the first six months of 2009 reached $26.9 million, increasing by 20% from the $22.3 million recorded in the first six months of 2008. For the first six months of 2009, net income from continuing operations was $155,400 down from $450,800 in the first six months of 2008 and mainly attributed to higher selling expenses in 2009.

At June 30, 2009, total assets were $14.6 million compared to $15.9 million at December 31, 2008. At June 30, 2009, shareholder equity was $7.1 million and total current assets were $14.3 million with working capital of approximately $7.8 million.

The stock closed yesterday at under a Penny a share.

For an in-depth profile of Dragon Capital Group, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=DRGV_072109.

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