Mixed Bag Apparent in 2Q Results from China Growth Development, Inc (CGDI.OB)
Written by on August 28th, 2008 in Real Estate.
Mixed Bag Apparent in 2Q Results from China Growth Development, Inc (CGDI.OB) QualityStocks Writes: Net revenues for China Growth Development, Inc. (OTCBB: CGDI) were up about 8 percent over the same quarter last year to $3.73 million, but operating expenses increased 49 percent for the commercial real estate company in the same period to $2.55 million. About $880,000 of that was incurred in the closing of a reverse acquisition transaction, though the same financial report also stated that ne