Mondays chinese runner

[chinaman711]

Clwt On Earnings

[Thierry Martin]

2349

[xpiratesxcorex]

So what's your logic behind this running? Predicting quarters can be pretty reckless..so I just just wondering why?

[chinaman711]

News out after the bell, I sold mine in after hours. Might go higher but i took the money and ran. Happy New Year Results for the Six Months Ended June 30, 2007 and Short and Mid Term Actions
Thursday December 27, 6:00 pm ET


HONG KONG, Dec. 27 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT - News) today reported its unaudited financial results for the six months ended June 30, 2007.
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The Company's revenues for the six months ended June 30, 2007 were approximately $12,168,000, a 2% decrease as compared to approximately $12,404,000 for the six months ended June 30, 2006. The decrease was due to further drop of sales of approximately $963,000 from distribution of foreign suppliers' products as more key suppliers sell their products directly in China. However, there was an increase in engineering revenue contributed by our majority owned subsidiaries, Pact Asia Pacific Ltd. and Yixing Pact Environmental Technology Company Ltd. (collectively known as "PACT Engineering"), companies engaged in the water and wastewater treatment solution business.

The net profit for six months ended June 30, 2007 was approximately $92,000, while there was net operating loss of approximately $73,000 for the six months ended June 30, 2006. The principal reasons were improvement of gross margin percentage, control on expenses, increase in interest income and increase in other income, particularly the exchange gain.

Total cash and cash equivalent as of June 30, 2007 was approximately $11,441,000 as compared to approximately $9,160,000 as of December 31, 2006. The principal reason for the increase was proceeds from the exercise of stock options by Company management and employees.

Mr. T.C. Leung, Chairman and CEO of the company commented: "More than two years of efforts to diversify, restructure, and consolidate our Company's fragmented businesses into environmental protection and energy saving businesses have nearly completed. We are now less vulnerable than when we were just a company relying mostly on distribution business. The fear of further drop of distribution business which has haunted us for last few years will be eased, covered and no more a major threat to us. With the new platform after restructure and contributions from subsidiaries and associated companies, we believe we are gradually coming out of the trough now and picking up the momentum to grow the business again from 2008 onwards."

Mr. Leung also stated that "Climate change, environmental protection and energy saving are key national issues China has to face, and in line with China's directions to tackle these issues by reducing CO2 (carbon dioxide, a greenhouse gas), SO2 (sulfur dioxide, an acid-rain causing gas) and COD (chemical oxygen demand, a measure of water pollution level) emissions and energy consumption, the following short and mid term actions are for us to grow and expand vertically and horizontally."