BEIJING, Feb. 22, 2011 /PRNewswire-Asia-FirstCall/ -- LianDi Clean Technology Inc. (OTC Bulletin Board: LNDT), ("LianDi" or the "Company"), a leading provider of clean technology, downstream flow equipment, engineering services and software to China's leading petroleum and petrochemical companies, today announced financial results for the third fiscal quarter ended December 31, 2010.

SUMMARY FINANCIALS

Third Quarter Fiscal 2011 Results (USD) (unaudited)

(Three months ended December 31)

Q3 2011

Q3 2010

CHANGE

Sales

$48.1 million

$16.8 million

+186.0%

Gross Profit

$8.7 million

$5.4 million

+60.4%

GAAP Net Income

(Available to Common Stockholders)

$6.1 million

$4.6 million

+31.7%

Adjusted Net Income

(Available to Common Stockholders)

$7.2 million(1)

$4.6 million

+54.5%

GAAP EPS (Diluted)

$0.20

$0.17

+19.5%

Adjusted EPS (Diluted)

$0.21

$0.17

+22.9%



Sales Breakdown - Third Quarter Fiscal 2011 Results (USD) (unaudited)

(Three months ended December 31)

Q3 2011

Q3 2010

CHANGE

Sales and installation of equipment

$32.8 million

$14.1 million

+132.6%

Sales of software

$8.4 million

$2.7 million

+211.1%

Technical services

$0.06 million

--

--

Sales of chemical products

$6.8 million

--

--

TOTAL SALES

$48.1 million

$16.8 million

+186.0%

(1) Adjusted net income available to common stockholders and EPS for Q3 2011 excludes a $1.1 million deemed dividend related to the escrow share arrangement for preferred stock issued in the February 26, 2010 private placement.  There was no such charge in Q3, 2010 financial results.





Third Quarter FY 2011 Results

The Company reported revenue of $48.1 million, an increase of 186.0%, compared to revenue of $16.8 million generated in the same period of fiscal year 2010. Growth was driven by a significant increase in integrated equipment sales and optimization software. During the third quarter, the Company performed equipment installation work on 30 projects compared to 11 projects in the same period in 2009. The Company reported $8.4 million in software sales during the quarter, which was related to a partial installation related to the $12 million contract signed with PetroChina in August 2010. The acquisition of Anhui Jucheng Fine Chemicals Co., Ltd. ("Anhui Jucheng") that occurred during the second quarter of fiscal 2011 contributed $6.8 million to third quarter fiscal 2011 sales. LianDi signed approximate $30 million in total new orders during the third quarter of fiscal 2011. Excluding sales from Anhui Jucheng, which were not present in fiscal 2010, revenues grew by 145.8% compared to the quarter ended December 31, 2009. Total backlog at December 31, 2010 was $47 million compared to $36 million on December 31, 2009.

Gross profit was $8.7 million and gross margins were 18.2% for the quarter ended December 31, 2010, compared to $5.4 million and 32.4%, respectively, for the same period in 2009. Excluding Anhui Jucheng, LianDi's gross margins were 20%. The level of overall gross margin was mainly affected by the relative percentage of separate software sales and technical services volume for each reporting period and the overall average gross margin of our equipment sales and installation projects completed for each reporting period. Given the variance in the product mix, margins will fluctuate on a quarter by quarter basis.

Operating expenses for the quarter ended December 31, 2010 were approximately $2.2 million, compared to $0.6 million in the same period in 2009 due to increases in freight, marketing, research and development expenses, salary, traveling expenses, and share-based compensation expenses. As a component of operating expenses, selling expenses were $1.5 million compared to $0.3 million in the third fiscal quarter of 2010. General and administrative expenses were $0.7 million for the quarter compared to $0.3 million for the same period in 2009.

GAAP net income available to common stockholders for the third quarter of 2011 totaled $6.1 million. Adjusted net income available to common stockholders for the third quarter of fiscal 2011, excluding a $1.06 million deemed preferred stock dividend, was approximately $7.2 million, or $0.21 per diluted share, based on weighted average shares outstanding of 36.6 million, compared to $4.6 million, or $0.17 per diluted share, based on weighted average shares outstanding of 27.4 million in the same period last year.

"We delivered a strong quarter across each of our major businesses segments," began Mr. Jianzhong Zuo, Chairman, Chief Executive Officer and President of LianDi. "Rising energy prices, enhanced exploration efforts, along with China's shortage of oil and petrochemical refining capacity, continue to drive robust demand for our products and services. We renewed several important equipment distribution contracts and signed a new exclusive distributor agreement with Ruhrmpumpen, a leading manufacturer of pumps located in Witten, Germany, which allows us to expand into the $1.5 billion pump solutions market. "

"In addition, we formed a new software subsidiary, HongTeng WeiTong Technology., Ltd. ("Hong Teng"), to develop new software solutions for petrochemicals manufacturers. Led by Dr. Jian Feng, who has nearly 20 years of industry experience, Hong Teng will help solidify the innovation and product pipeline for this high margin business."

Nine Month FY 2011 Results

Nine Month Fiscal 2011 Results (USD) (unaudited)

(Nine months ended December 31)

YTD 2011

YTD 2010

CHANGE

Sales

$100.5 million

$45.6 million

+120.5%

Gross Profit

$21.8 million

$13.6 million

+59.8%

GAAP Net Income

(Available to Common Stockholders)

$13.9 million

$11.3 million

+22.7%

Adjusted Net Income

(Available to Common Stockholders)

$16.9 million(2)

$11.3 million

+49.3%

GAAP EPS (Diluted)

$0.46

$0.41

+11.7%

Adjusted EPS (Diluted)

$0.50

$0.41

+20.4%



Sales Breakdown - Nine Month Fiscal 2011 Results (USD) (unaudited)

(Nine months ended December 31)

Nine Months

2011

Nine Months

2010

CHANGE

Sales and installation of equipment

$72.8 million

$39.1 million

+86.2%

Sales of software

$11.2 million

$6.4 million

+75.0%

Technical services

$1.2 million

$0.02

--

Sales of chemical products

$15.3 million

--

--

TOTAL SALES

$100.5 million

$45.6 million

+120.5%

(2) Adjusted net income available to common stockholders and EPS for YTD 2011 excludes a $3.0 million deemed dividend related to the escrow share arrangement for preferred stock issued in the February 26, 2010 private placement.





Revenues for the first nine months of fiscal 2011 increased 120.5% to $100.5 million. Equipment sales were $72.8 million, a $33.7 million increase, or 86.0%, from the first nine months of fiscal 2010. Sales from Anhui Jucheng contributed $15.3 million to total net revenue in the first nine months of fiscal 2011. Excluding Anhui Jucheng revenues, revenues grew 86.8%.

For the first nine months of fiscal 2011, cost of sales increased 146.3% while gross profit rose 59.8%. Gross margins fell 820 basis points year-over-year to 21.6% due to lower software sales and the inclusion of Anhui Jucheng, which had a relatively lower gross margin.

Selling expenses and general and administrative expenses were $2.0 million and $2.5 million for the first nine months of fiscal 2011, respectively. Operating income was up 43.2% from the first nine months of fiscal 2010 to $17.0 million, while operating margins were 16.9% compared to 26.1% in the same period one year ago.

Net income available to common shareholders was $13.9 million compared to $11.3 million in the prior year period. Adjusted net income, excluding the $3.0 million deemed preferred stock dividend, was $16.9 million, 49.3% higher than net income during the first nine months of fiscal 2010. GAAP diluted earnings per share were $0.46 and $0.41 for the first nine months of 2010 and 2009, respectively. Adjusted diluted earnings per share were $0.50 and $0.41 for the first nine months of 2010 and 2009, respectively.

Balance Sheet and Cash Flow

As of December 31, 2010, the Company had cash and cash equivalents of $41.0 million, compared to $59.2 million at March 31, 2010.  The decline reflects approximately $8.4 million of prepayments to suppliers. The Company had total stockholders' equity of $70.4 million at December 31, 2010, including $5.7 million of non-controlling interest, which represents the 49% interest of Anhui Jucheng. The current ratio was 3.2 with working capital of $65.0 million on December 31, 2010.  Cash used for operations was $18.0 million through the first nine months of fiscal 2011 due to an approximate $24.5 million increase in accounts receivable and bills receivable, $12.4 million of which has been collected subsequent to December 31, 2010.

Fiscal year 2011 Guidance

For fiscal year 2011, management reaffirmed revenue guidance of $130 million, representing year-over-year growth of 40.2% over fiscal 2010, and net income guidance of approximately $25 million for fiscal year 2011, representing year-over-year growth of approximately 40%. Management expects software and the related technical service sales to contribute 8-10% of total revenues for fiscal year 2011. Guidance does not include any contribution from the oil sludge cleaning business. This is the Company's current and preliminary view, which is subject to change. The Company had 28 contracts with an aggregate value of $47 million in backlog at December 31, 2010.

Business Outlook

LianDi has served the Chinese petroleum and petrochemical industries since 2004 and has established relationships with international industrial equipment manufacturers, such as Cameron, DeltaValve and Poyam Valves. LianDi is one of the few domestic companies able to provide localized services for international companies lacking local offices in China. As a result of the Company's thorough understanding of the domestic market and customers' needs, it is able to meet the high standards and requirements set by its petroleum and petrochemical customers in China. Along with the rapid growth of the petroleum and petrochemical industries and fixed assets investments within these industries, LianDi has successfully increased the size and scope of projects performed for customers since 2009. The successful implementation of contracts and the ability to leverage proven technology and industry solutions to optimize services will drive revenue and earnings growth for 2011.

The newly acquired majority owned subsidiary, Anhui Jucheng, produces and sells Polyacrylamide, an industrial chemical which is utilized in the following areas: (1) tertiary oil recovery; (2) wastewater, organic wastewater disposal and sewage treatments; (3) auxiliary for papermaking industry; and (4) flocculent for river water treatments.  Management expects strong top line growth in this business and higher operating margins as the Company begins direct sales over the next year, thereby eliminating the cost of using third party distributors. Management expects to achieve normalized gross margins of 10% to 15% to be achieved by the end of 2011. Anhui Jucheng achieved a 7.7% gross margin for the period from July 5, 2010 through December 31, 2010.

As previously announced, LianDi has an exclusive alliance with System Kikou Co., Ltd. ("SKK") in Japan, one of the world's leading automated oil sludge treatment companies, to offer SKK's automated sludge treatment services to oil refiners in China. The PRC government recently mandated automated cleaning technologies to be used in all oil refiners in China starting on July 1, 2010 in order to improve the safety of refining operations. Management estimates the addressable market of approximately $120 million, growing at about 7% per annum. Currently, less than 20% of Chinese oil refineries use automated cleaning technologies compared to 80%-90% in developed countries. LianDi intends to purchase the equipment and provide ongoing services for its customers, creating a recurring business. LianDi projects revenues of $3.5 million and net income of $1.5 million during the first twelve months after the initial order is shipped in May 2011, with a further acceleration in the following year.

Conference Call

The conference call will take place at 10:30 a.m. ET on Tuesday, February 22, 2011. Interested participants should call 1-877-941-8416 when calling within the United States or 1-480-629- 9808 when calling internationally (passcode 4414430).

This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on this link: http://viavid.net/dce.aspx?sid=000081C8 or visiting http://www.viavid.net, where the webcast can be accessed through March 1, 2011.

A playback will be available through March 1, 2011. To listen, please call 1-877-870-5176 within the United States or 1-858-384-5517 when calling internationally (passcode 4414430).

About LianDi Clean Technology Inc.

LianDi was established in July 2004 to serve the largest Chinese petroleum and petrochemical companies. Through its four operating subsidiaries, Hua Shen Trading (International) Ltd., Petrochemical Engineering Ltd., Bright Flow Control Ltd. and Beijing JianXin Petrochemical Engineering Ltd., the Company distributes a wide range of customized valves and equipment and provides associated value-added technical and integration service. The Company also develops and markets proprietary optimization software for the polymerization process. In addition, LianDi is focused on the large, rapidly growing, clean technology market for oil refineries, projected to reach over $1 billion in the next 10 years. This market is expected to benefit from favorable Chinese government policies, including tax benefits and other incentives.

About Non-GAAP Financial Measures

To supplement the unaudited condensed consolidated statement of income and comprehensive income presented in accordance with Accounting Principles Generally Accepted in the United States of America ("GAAP"), we also provided non-GAAP measures of net income available to common stockholders and the basic and diluted earnings per shares for the three months ended December 31, 2010, which are adjusted from results based on GAAP to exclude the non-cash charges recorded, which related to the escrow share arrangement allocated to the Series A preferred stock, treated as a deemed dividend, a deduction of net income available to common stockholders in conjunction to the private placement we consummated on February 26, 2010.  The non-GAAP financial measures are provided to enhance the investors' overall understanding of our current performance in on-going core operations as well as prospects for the future. These measures should be considered in addition to results prepared and presented in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results.  We use both GAAP and non-GAAP information in internally evaluating and operating our business and therefore deem it important to provide all of this information to investors.

The following table provides the non-GAAP financial measure and the related GAAP measure and provides a reconciliation of the non-GAAP measure to the equivalent GAAP measure.

Reconciliation of GAAP Net Income (Loss) to Adjusted Net Income (Unaudited)





Three months ended

December 31,



Nine months ended

December 31





2010



2010



2010



2010





(US $)



(US $)



(US $)



(US $)





GAAP



NON GAAP



GAAP



NON GAAP



















Net income attributable to LianDi Clean shareholders





7,634,042





7,634,042





18,305,148



18,305,148

Preferred stock deemed dividend



(1,059,568)



-



(3,011,412)



-

Preferred stock dividend



(453,464)



(453,464)



(1,425,061)



(1,425,061)

Net income attributable to common shareholders-Basic





6,121,010





7,180,578





13,868,675





16,880,087

Preferred stock deemed dividend



-



-



-



-

Preferred stock dividend



-



453,464



-



1,425,061

Net income attributable to common shareholders-Diluted





6,121,010



7,634,042





13,868,675



18,305,148











Earnings per share

















Earnings per common share

















Basic



$         0.20



$        0.24



$       0.47



$       0.57

Diluted



$         0.20



$        0.21



$       0.46



$       0.50



















Weighted average number of common shares outstanding:

















Basic



30,037,555



30,037,555



29,697,566



29,697,566

 Diluted



30,149,326(1)



36,556,621(2)



30,0040,773(1)



36,788,057(2)

(1) For the nine and three months ended December 31, 2010, the effect of the potential dilutive convertible preferred stock was not included, because the effect is anti-dilutive upon recognition of the deemed dividend in accordance with US GAAP.

(2) For the nine and three months ended December 31, 2010, the effect of the potential dilutive convertible preferred stock was included, because the effect is dilutive regardless of the recognition of the deemed dividend under non-GAAP measures.







Cautionary Statement Regarding Forward-Looking Information

This press release may contain certain "forward-looking statements" relating to the business of LianDi and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" including statements regarding: the impact of the proceeds from the private placement on the Company's short term business and operations; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov )

For more information, please contact:







Investor Relations:

    HC International, Inc.

    Ted Haberfield, Executive VP

    Tel:   +1-760-755-2716

    Email: thaberfield@hcinternational.net















-- Financial Tables Follow –

LIANDI CLEAN TECHNOLOGY INC







CONDENSED CONSOLIDATED BALANCE SHEETS







December 31,



March 31,



2010



2010



(US $)



(US $)



(Unaudited)



(Audited)

Assets







Current assets:







 Cash and cash equivalents

$40,981,944



$59,238,428

 Restricted cash

4,456,529



2,964,864

 Notes receivables

593,685



-

 Accounts receivable, net

29,197,047



2,295,231

 Deferred costs of revenue

-



1,168,025

 Inventories

3,988,478



30,103

 Prepaid expenses and deposits

1,574,826



657,257

 Prepayments to suppliers

12,941,091



-

 Other receivables

475,856



3,416,284

 Trading securities

11,592



11,592

 Prepaid land use right – current portion

47,423



-

Total current assets

$94,268,471



$69,781,784









Other Assets







 Property and equipment, net

11,414,526



151,660

 Intangible assets, net

4,895,337



5,192,738

 Prepaid land use right – non current portion

1,821,819



-

 Deposit for land use right

1,056,971



-

 Construction in progress

4,796



-

 Goodwill

361,869



-

Total Assets

$113,823,789



$75,126,182









Liabilities and Stockholders' Equity







Current liabilities:







 Short-term bank loan

$1,962,946



-

 Accounts payable

1,899,910



11,926

 Deferred revenue

134,821



2,481,771

 Other payables and accrued expenses

7,542,450



3,496,612

 Provision for income tax

192,473



59,763

 Due to shareholders

12,051,986



8,461,161

 Due to non-controlling interests

4,330,519



-

 Preferred stock dividend payable

480,516



184,820

 Deferred tax liabilities

682,778



-

Total current liabilities

$29,278,399



$14,696,053









Total liabilities

$29,278,399



$14,696,053

















Commitments and contingencies















  8% Series A contingently redeemable convertible preferred stock (25,000,000 shares authorized; par value: $0.001 per share; 5,885,970 and 7,086,078 shares issued and outstanding, respectively; aggregate liquidation preference amount: $21,081,411 and $24,986,093, including accrued but unpaid dividend of $480,516 and $184,820 at December 31, 2010 and March 31, 2010, respectively)

14,179,357



14,059,018









Stockholders' equity:







 Common stock (par value: $0.001 per share; 50,000,000 shares authorized; 30,558,880 and 29,358,772 shares issued and outstanding, respectively)

30,559



29,359

 Additional paid-in capital

22,960,745



19,891,932

 Statutory reserves

1,153,824



1,138,733

 Retained earnings

39,099,510



25,245,926

 Accumulated other comprehensive income

1,373,078



65,161

Total LianDi Clean's stockholders' equity

$64,617,716



$46,371,111









 Noncontrolling interest

5,748,317



-









Total equity

$70,366,033



$46,371,111









Total liabilities and stockholders' equity

$113,823,789



$75,126,182







LIANDI CLEAN TECHNOLOGY INC

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME



Three Months Ended December 31,



Nine Months Ended December 31,

 

2010

 

2009

 

2010

 

2009

 

(US $)

 

(US $)

 

(US $)

 

(US $)

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

 

(Unaudited)

















NET REVENUE















 Sales and installation of equipment

32,788,437

 

14,119,297

 

72,819,724

 

39,148,294

 Sales of software

8,392,673

 

2,689,490

 

11,198,472

 

6,432,532

 Services

62,497

 

-

 

1,200,205

 

23,373

 Sales of chemical products

6,837,715

 

-

 

15,328,225

 

-

 

48,081,322

 

16,808,787

 

100,546,626

 

45,604,199

















Cost of revenue















 Cost of equipment sold

(27,378,949)

 

(11,212,809)

 

(58,714,285)

 

(31,538,330)

 Amortization of intangibles

(153,124)

 

(149,390)

 

(453,239)

 

(448,050)

 Cost of software

(5,456,475)

 

-

 

(5,456,475)

 

-

 Cost of chemical products sold

(6,358,085)

 

-

 

(14,155,203)

 

-

 

(39,346,633)

 

(11,362,199)

 

(78,779,202)

 

(31,986,380)

















Gross profit

8,734,689

 

5,446,588

 

21,767,424

 

13,617,819

















Operating expenses















 Selling expenses

(1,469,985)

 

(278,999)

 

(2,040,806)

 

(816,281)

 General and administrative expenses

(700,800)

 

(292,123)

 

(2,495,856)

 

(863,061)

 Research and development expenses

(65,743)

 

(22,128)

 

(194,596)

 

(40,432)

 Total operating expenses

(2,236,528)

 

(593,250)

 

(4,731,258)

 

(1,719,774)

















 Income from operations

6,498,161

 

4,853,338

 

17,036,166

 

11,898,045

















Other income (expenses), net:















 Interest income

48,029

 

1,016

 

107,776

 

48,118

 Interest and bank charges

(110,385)

 

(105,128)

 

(370,718)

 

(402,674)

 Exchange gains (losses),net

(520,400)

 

(198,330)

 

(647,338)

 

(479,188)

 Investment income

-

 

-

 

6,748

 

-

 Value added tax refund

1,556,024

 

98,120

 

1,926,635

 

220,758

 Others

237,655

 

-

 

529,997

 

19,075

 Total other income (expenses),net

1,210,923

 

(204,322)

 

1,553,100

 

(593,911)

















Income before income tax expense

7,709,084

 

4,649,016

 

18,589,266

 

11,304,134

 Income tax expense

(25,886)

 

-

 

(110,532)

 

(817)

Net income

7,683,198

 

4,649,016

 

18,478,734

 

11,303,317

Income attributable to noncontrolling interests

(49,156)

 

-

 

(173,586)

 

-

Net income attributable to LianDi Clean shareholders

7,634,042

 

4,649,016

 

18,305,148

 

11,303,317

















Preferred stock deemed dividend

(1,059,568)

 

-

 

(3,011,412)

 

-

Preferred stock dividend

(453,464)

 

-

 

(1,425,061)

 

-

Net income available to LianDi Clean's common stockholders

6,121,010

 

4,649,016

 

13,868,675

 

11,303,317

















Earnings per share















Earnings per common share















Basic

0.20

 

0.17

 

0.47

 

0.41

Diluted

0.20

 

0.17

 

0.46

 

0.41

















Weighted average number of common shares outstanding:















  Basic

30,037,555

 

27,354,480

 

29,697,566

 

27,354,480

  Diluted

30,149,326

 

27,354,480

 

30,040,773

 

27,354,480





LIANDI CLEAN TECHNOLOGY INC

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS





For the nine months ended December 31,

 

 

2010

 

2009

 

 

(US $)

 

(US $)

 

 

(Unaudited)

 

(Unaudited)











Cash flows from operating activities









Net income

 

$18,478,734

 

$11,303,317

Adjustments for:









 Depreciation of property and equipment

 

633,805

 

25,824

 Amortization of intangible assets

 

487,889

 

451,943

 Share-based compensation cost

 

178,941

 

-

 Investment loss (gains) on trading securities

 

-

 

(18,957)

Decrease (increase) in assets:









 Accounts receivable

 

(24,245,178)

 

6,809,098

 Notes receivable

 

(252,318)

 

(5,519,312)

 Prepayment to suppliers

 

(8,437,963)

 

7,564,317

 Inventories

 

(1,249,552)

 

5,573

 Deferred costs, prepaid expenses and other current assets

 

(1,121,312)

 

-

Increase (decrease) in liabilities:









 Accounts payable

 

(2,139,760)

 

11,922

 Deferred revenue, accruals and other payables

 

(343,720)

 

(12,792,683)

 Deferred tax liabilities

 

(26,259)

 

-

Net cash provided by (used in) operating activities

 

(18,036,693)

 

7,841,042











Cash flows from investing activities









 Proceeds from sales of short-term investments

 

-

 

39,509

 Purchase of property, plant and equipment

 

(142,409)

 

(13,285)

 Purchase of intangible assets

 

-

 

(14,055)

 Net cash from acquisition of subsidiaries

 

2,385,523

 

-

 Land restructuring compensation deposit

 

(970,169)

 

-

 Repayment from (advance to) other entities

 

(1,589,356)

 

14,425,407

Net cash used in investing activities

 

(316,411)

 

14,437,576











Cash flows from financing activities









 Increase (decrease) in restricted cash

 

(1,460,913)

 

(651,443)

 Repayment of short-term bank loans

 

(592,470)

 

-

 Repayment to non-controlling interests

 

(828,325)

 

-

 Repayment to (advance from)  shareholders

 

3,067,038

 

(8,519,255)

 Payment of preferred stock dividend

 

(1,129,365)

 

-

Net cash provided by (used in) financing activities

 

(944,035)

 

(9,170,698)











Effect of foreign currency translation

 

1,040,655

 

27,029











Net (decrease) increase in cash and cash equivalents

 

(18,256,484)

 

13,134,949











 Cash and cash equivalents, beginning of period

 

59,238,428

 

5,018,813

Cash and cash equivalents, end of period

 

$40,981,944

 

$18,153,762





SOURCE LianDi Clean Technology Inc.

Copyright 2011 PR Newswire

LianDi Clean Technology (CE) (USOTC:LNDT)
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From Jun 2024 to Jul 2024 Click Here for more LianDi Clean Technology (CE) Charts.
LianDi Clean Technology (CE) (USOTC:LNDT)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more LianDi Clean Technology (CE) Charts.